Goldman Sachs Raises South Korea Seoul Composite Index Target to 8,000 Points
Goldman Sachs has raised its target for the South Korea Seoul Composite Index (Kospi) from 7,000 points to 8,000 points, citing strong demand for AI-related chips, upward revisions in earnings outlooks, and attractive current valuation levels. In its report, the firm stated that the target revision was due to "continued improvement in fundamentals across the semiconductor and industrial sectors," with a key driver being a 220% upward revision to its 2026 corporate earnings growth forecast.
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