South Korea’s Stock Market Soars: Will the Gains Trickle Down to Crypto?
The post South Korea’s Stock Market Soars: Will the Gains Trickle Down to Crypto? appeared on BitcoinEthereumNews.com.
South Korea’s stock index KOSPI has surged to its all-time high in four years and two months, signaling a bullish run in the local stock market. An intense wave of foreign buying drove the rally, while shares of crypto-related companies also climbed. South Korean President Lee Jae-myung will outline key financial policies at his 100-day press conference on September 11. Sponsored Sponsored Market Reform Hopes Push KOSPI to Record High The KOSPI opened at 3336.60, another ATH, on Thursday, after closing at 3,314.53 the day before, up 1.67% from the previous day. Wednesday reached an intraday peak of 3,317.77. This surpassed the previous all-time high of 3,316.08 set on June 25, 2021. Year-to-date, the index has gained 38.1%, marking the sharpest increase among 42 major stock indices across 32 countries. KOSPI performance YTD / Source: Google Finance Foreign investors net purchased about $1.0 billion—the largest inflow since June 2023—while Korean institutions added $654 million. In contrast, Korean retail investors sold off around $1.63 billion to lock in profits. Analysts attribute the rally to optimism surrounding President Lee Jae-myung’s capital market reform agenda. Also contributing to the surge was US interest rate cuts which weakened the dollar. In addition, the government decided to keep the “major shareholder” threshold for capital gains tax at $3.6 million (₩5 billion). This decision boosted investor sentiment instead of lowering the threshold to $720,000 (₩1 billion). The final policy stance will be announced on Thursday at a press conference marking the president’s first 100 days in office. Following this announcement, the KOSPI could see further upward momentum. Crypto-Linked Stocks Extend Gains Sponsored Sponsored Attention is now on whether South Korea’s stock market rally will continue to lift the share prices of crypto-related companies. Woori Technology Investment Co., Ltd., a venture capital firm listed on South Korea’s…
Filed under: News - @ September 11, 2025 1:26 am