Nomura expects Korea's benchmark Kospi Index to rise to 5,000 points in the first half of 2026, driven by the semiconductor supercycle and ongoing corporate governance reforms. “As the semiconductor supercycle forms a synergy with Korean stock market/corporate governance reforms, we believe there is room for further growth in the Korean stock market,” analysts such as Cindy Park and CW Chung wrote in the report. The target given by the bank has 21% upside compared to Wednesday's closing level of 4,135 points. Samsung Electronics and SK Hynix were the preferred buyers in the first half of the year, followed by Hyundai Motor Company, Doosan Enerbility, Korea Electric Power Company, Samsung Biologics, and Hyundai Rotem. Nomura raised Hyundai's target price by 16% to 370,000 won on the grounds that the valuation gap with its peers is narrowing.

Nomura expects Korea's benchmark Kospi Index to rise to 5,000 points in the first half of 2026, driven by the semiconductor supercycle and ongoing corporate governance reforms. “As the semiconductor supercycle forms a synergy with Korean stock market/corporate governance reforms, we believe there is room for further growth in the Korean stock market,” analysts such as Cindy Park and CW Chung wrote in the report. The target given by the bank has 21% upside compared to Wednesday's closing level of 4,135 points. Samsung Electronics and SK Hynix were the preferred buyers in the first half of the year, followed by Hyundai Motor Company, Doosan Enerbility, Korea Electric Power Company, Samsung Biologics, and Hyundai Rotem. Nomura raised Hyundai's target price by 16% to 370,000 won on the grounds that the valuation gap with its peers is narrowing.