South Korea's Stock Market Boom

South Korea's Kospi stock market has hit record highs, driven by the artificial intelligence boom and strong demand for memory chips.

Goldman Sachs has boosted its outlook for South Korean and Taiwanese stocks, projecting further upside.

This surge has also fueled luxury spending and created a new corporate elite in AI-related jobs.

However, the market is experiencing volatility reminiscent of the financial crisis, with some analysts cautioning about reliance on a few chipmakers and the potential for boom-bust cycles.