Korea Crushes Global Benchmarks With Best Stock Rally Since 1999

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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};ge("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat($n)),notifLabel:document.querySelector(".".concat(Xn))};t.notifDropdown&&so(e,t)}))}()}};]]>Youkyung LeeUpdated Tue, December 30, 2025 at 12:22 PM GMT+1 4 min read(Bloomberg) — South Korea’s stock market renaissance in 2025 was one for the history books. Buoyed by world-beating gains in arms exporters to eye-popping surge in AI and K-beauty shares, the market just capped its strongest advance in a quarter century.The Kospi (^KS11) Index has soared 76% this year, compared with the S&P 500’s 17% advance so far and MSCI Asia Pacific Index’s 25% gain. The Korean benchmark’s performance, the best among major equity gauges, has been helped by chip heavyweights Samsung Electronics Co. and SK Hynix Inc. as well as defense and nuclear firms.Most Read from BloombergLondon’s Love of Wood-Burning Stoves Sparks a Pollution DebateAnalysts see further upside ahead, with Citigroup Inc., JPMorgan Chase & Co. and Nomura Holdings Inc. among brokers forecasting at least another 20% climb next year. Strong earnings growth should bolster that upward trajectory, analysts add.Here is a recap of the winners and losers from the market in 2025.The biggest artificial intelligence winners weren’t conventional chipmakers or large-cap names but proxy plays. That includes power transformer maker Hyosung Heavy Industries Corp. and nuclear power provider Doosan Enerbility Co., which saw shares up more than 320% each this year, according to Korea Exchange prices.Despite their high valuations, bulls argue that there’s no quick carbon-free alternative to meet surging power demand of AI data centers, making these players indispensable.Investor interest in power grid and infrastructure stocks should continue into 2026, according to Morgan Stanley analysts. Among them, HD Hyundai Electric Co. is entering “a multi-decade re-rating as grid modernization, AI data center, and decarbonization converge,” they said.Samsung and SK Hynix had a standout year, cementing their status as Kospi heavyweights and the world’s top manufacturers of memory chips. Thanks to growing demand from global tech giants for specialized, high-performance chips, Samsung has jumped 125% this year to an all-time high. SK Hynix rose about 270%.The momentum has spilled over into related firms like SK Hynix’s parent SK Square Co. and Korea Circuit Co., which counts Broadcom Inc. as its customer. Both stocks are up more than 330% each.“Shortages in memory chips are unquestionably taking hold so I expect an extremely strong year for Korean semiconductor stocks,” said Kang DaeKwun, chief investment officer at Life Asset Management in Seoul.President Donald Trump’s reshaping of traditional security alliances spurred new defense spending across Europe and Asia this year, driving renewed interest in Korean contractors known for delivering weapons faster and at lower cost.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,949.50 -5.50 (-0.08%)Dow Futures48,720.00 -29.00 (-0.06%)Nasdaq Futures25,714.75 -25.00 (-0.10%)Russell 2000 Futures2,539.60 +3.40 (+0.13%)VIX14.59 +0.39 (+2.75%)Gold4,402.80 +59.20 (+1.36%)Trending tickersBNAI Brand Engagement Network, Inc. 2.5050 +1.3050 (+108.75%)ETH-USD Ethereum USD 2,973.37 +11.12 (+0.38%)MREO Mereo BioPharma Group plc 0.2854 -2.0246 (-87.65%)RARE Ultragenyx Pharmaceutical Inc. 19.72 -14.47 (-42.32%)CETX Cemtrex, Inc. 2.1100 -0.1700 (-7.46%)PortfolioSign in to access your portfolioSign inTop gainersPRAX Praxis Precision Medicines, Inc. 304.58 +35.63 (+13.25%)RGC Regencell Bioscience Holdings Limited 23.48 +2.32 (+10.96%)DBRG DigitalBridge Group, Inc. 15.26 +1.34 (+9.63%)BLTE Belite Bio, Inc 165.29 +10.36 (+6.69%)PSNY Polestar Automotive Holding UK PLC 18.66 +1.12 (+6.39%)Top losersSBSW Sibanye Stillwater Limited 14.20 -1.50 (-9.55%)BRBR BellRing Brands, Inc. 27.33 -2.83 (-9.38%)DJTWW Trump Media & Technology Group Corp. 7.38 -0.74 (-9.11%)DRD DRDGOLD Limited 30.54 -2.79 (-8.37%)HMY Harmony Gold Mining Company Limited 19.95 -1.79 (-8.23%)Most activeNVDA NVIDIA Corporation 188.22 -2.31 (-1.21%)DBRG DigitalBridge Group, Inc. 15.26 +1.34 (+9.63%)NIO NIO Inc. 5.34 +0.24 (+4.71%)PLUG Plug Power Inc. 1.9700 -0.1000 (-4.83%)TSLA Tesla, Inc. 459.64 -15.55 (-3.27%)Top economic eventsEarnings eventsMy earnings eventsEarnings events