韩交所芮兑昊：半导体+AI驱动韩股，中韩资本市场合作空间广阔

Group 1 - The South Finance Forum 2025 focused on "Innovation Surge and China's Asset Revaluation," gathering insights from government, industry, academia, and finance sectors to build consensus on development [1] - The main forum featured representatives from major global financial centers discussing the opportunities and attractiveness of Chinese assets on the international stage [1] Group 2 - The KOSPI index of the Korean stock market reached a historical high, increasing by 64% by the end of November compared to the beginning of the year, making it the top performer among major global indices [2] - The rise in the KOSPI index is attributed to three main factors: effective corporate value enhancement policies, significant contributions from the semiconductor and AI industries, and revitalizing capital market reforms by the new government [2][3] - The corporate value enhancement plan initiated in May 2024 has led to a 70% increase in the corporate value enhancement index, surpassing the overall KOSPI performance [2] Group 3 - Major companies like Samsung Electronics and SK Hynix saw their stock prices double and triple, respectively, due to the surge in global demand for semiconductors and AI [2] - The new government's capital market reforms include improving corporate governance, protecting minority shareholders, and encouraging dividends through tax reforms [3] - The IPO market in Korea is expected to raise approximately 4 to 5 trillion KRW in 2025, with over 100 new listings, including significant projects from LG Group [3] Group 4 - Looking ahead to 2026, the performance of the Korean capital market will depend on the effectiveness of ongoing government policies and the actual performance of the economy and enterprises amid global changes [4] - The Korean Exchange plans to extend trading hours from 6.5 to 12 hours daily and is exploring a 24-hour trading mechanism to enhance market liquidity and attract global capital [5] - The exchange aims to build a digital asset ecosystem, including launching a security token offering (STO) market and introducing virtual asset ETFs [6] Group 5 - The Korean Exchange plans to implement AI technology for market regulation and operations, including a generative AI-based market surveillance system to detect unfair trading [6] - Emphasizing the importance of international cooperation, the exchange seeks to deepen collaboration with China, particularly in advanced technology and manufacturing sectors [6]