Group 1 - The South Korean stock market has recently shown remarkable performance, with the KOSPI index reaching a record high of 3657.28 points, up 95.47 points or 2.68% from the previous trading day [1] - Year-to-date, the South Korean stock market has risen by 52%, outperforming other Asian markets, with the technology sector leading the gains [3] - Morgan Stanley has significantly raised its KOSPI target from 3250 points to 3800 points, with a bullish scenario suggesting it could reach 4200 points [3] Group 2 - Structural growth drivers, including AI development, defense, power infrastructure, and the Korean Wave culture, are expected to provide downside protection and upward momentum for the South Korean stock market [3] - The strong performance of the stock market is attributed to a series of reform policies implemented by the government under President Lee Jae-myung, including corporate governance reforms and initiatives to stimulate consumption and investment in AI [3][4] - The corporate governance reform policy aims to address issues related to low dividends and share buybacks among conglomerates, with Goldman Sachs estimating that successful reforms could increase the KOSPI price-to-earnings ratio from 9.3 to 12 [4] Group 3 - The South Korean government has introduced stricter measures to stabilize the housing market, designating all remaining areas in Seoul as speculative zones and implementing tighter loan regulations [5] - Despite previous measures, apartment prices in Seoul have continued to rise for 35 consecutive weeks, posing challenges for the central bank, which has maintained interest rates due to financial stability risks [5] - The new housing market regulations are expected to shift capital flows in South Korea, with stricter mortgage limits likely reducing the attractiveness of the real estate market and prompting funds to move into financial markets, particularly the stock market [5]