Korea’s world-beating stocks are now trading cheaper than ever
South Korea's benchmark Kospi index has surged about 80% this year to record highs, yet its valuation has fallen to a historic low as corporate earnings, led by memory-chip giants Samsung Electronics and SK Hynix, have outpaced the rally. Investors remain divided over whether the cheap valuations present a buying opportunity or reflect concerns over the sustainability of the AI-driven memory boom.