韩国股票指数年内狂飙46%首破6200点领跑全球！三星海力士合占韩股总市值35%，野村直言还能再涨30%

Core Viewpoint - Global investors are increasingly focusing on the South Korean stock market, with the KOSPI index recently breaking historical records and showing significant growth potential [4][18]. Group 1: KOSPI Index Performance - The KOSPI index surpassed 6000 points for the first time and reached over 6200 points, marking a nearly 2% increase [4][16]. - From early 2025, the KOSPI index rose from 2400 points to 4214 points by the end of the year, an overall increase of over 75% [4][17]. - In 2026, the KOSPI index has already seen a cumulative increase of over 46% within two months, leading global stock markets [4][17]. Group 2: Future Projections - Nomura Securities raised its target for the KOSPI index for the first half of 2026 to between 7500 and 8000 points, indicating an expected increase of 23% to 31% from the February 25 closing level [4][18]. - The forecast is based on a projected price-to-earnings ratio of 12-13 times and a price-to-book ratio of 2.1-2.2 times for the South Korean market [4][18]. Group 3: Semiconductor Sector Impact - The rise in the KOSPI index is primarily driven by strong growth in the semiconductor sector, particularly in traditional DRAM and high-bandwidth memory (HBM) [5][19]. - Nomura forecasts a 129% year-on-year increase in earnings per share (EPS) for South Korean companies in 2026, with semiconductor firms expected to contribute 64% of the total net profit [5][19]. - Major players like Samsung Electronics and SK Hynix have seen significant stock price increases, outperforming the KOSPI index [6][19]. Group 4: Structural Changes in Investment - There is a structural shift in South Korean household assets from real estate to financial assets, with household deposits increasing from 50 trillion KRW in early 2024 to 106 trillion KRW by January 2026 [8][21]. - Foreign investment in South Korean stocks surged to 1327 trillion KRW (approximately 916 billion USD) in 2025, nearly double the amount from 2024 [8][23]. - The share of foreign investors in the total market capitalization of the KOSPI rose from 27% in 2024 to 30.8% in 2025, with U.S. investors being the largest group [8][23].