CORNYVERSE

South Korea's benchmark stock index, the KOSPI, has just made history.  For the first time ever, it has broken through the 3,400-point mark, signaling a new chapter for the Korean market.  This historic rally is capturing the attention of investors worldwide, who are now asking what's driving this surge and whether it can last.    Key Takeaways Record-Breaking Rally: The KOSPI surpassed 3,400 for the first time, marking its fourth consecutive day of all-time highs, largely driven by strong buying from foreign investors. Semiconductor-Led Surge: A boom in demand for AI chips has propelled semiconductor giants like Samsung Electronics and SK Hynix, which have been the primary engine of the index's growth. Policy-Driven Optimism: Investor sentiment has been boosted by the government's "Corporate Value-up Program" and expectations of more shareholder-friendly tax policies. What to Watch: The future direction of the U.S. Federal Reserve's interest...

In a pivotal press conference marking his 100th day in office, South Korean President Lee Jae-myung addressed critical issues with significant implications for international investors. The speech, held on September 11, 2025, touched upon simmering diplomatic tensions with the U.S. and outlined key domestic economic policies aimed at reshaping South Korea's investment landscape. For US investors, the conference offered a crucial glimpse into the new administration's priorities and potential market shifts. Key Takeaways International Impact: President Lee issued a stark warning that the recent US immigration raid on a Hyundai plant in Georgia could make Korean firms "hesitant" about future US investments, signaling potential diplomatic and economic friction. Economic Drivers: The administration plans an "aggressive fiscal policy" to stimulate growth and signaled flexibility on a controversial capital gains tax hike for large shareholders, prioritiz...

Right after Korea unveiled its 2025 tax proposals, KOSPI and KOSDAQ dropped sharply. Foreign and institutional flows turned risk-off, while retail investors stepped in as dip-buyers. Below is a four-part breakdown of what matters for U.S. investors —whether you hold EWY, ADRs, or global funds with Korea exposure. 🎯 Key Takeaways (U.S. lens) ✅ Major-shareholder threshold to fall from ₩5B to ₩1B per stock (≈ ~$3.6M → ~$0.7M), likely amplifying year-end supply as holders de-risk. ✅ Higher trading taxes & corporate rate (STT up; corporate tax back to 25%) trim after-tax returns and raise the policy-risk premium. ✅ Separate dividend taxation could support select high-payout names, but eligibility looks narrow. ✅ Not final yet: political pushback and public petitions mean the package could change during National Assembly debate. 📉 Why the selloff ...