Key insights
- South Korea's stock market has surged to become the world's sixth-largest, driven by tech giants like Samsung and SK Hynix, particularly their dominance in AI memory chips. This rise, fueled by ETFs and strong performance in companies like SK Hynix, indicates a growing global interest in technology sectors. The upcoming listing of SK Hynix's ADRs on the US market could further boost cross-border investment and highlight the strength of the AI chip sector for US investors.
Bloomberg posted an hour ago...
Samsung Electronics Co. and SK Hynix Inc., newly minted members of the $1 trillion valuation club, have powered Korea’s equity surge, lifting the Kospi’s 2026 gains to more than 100% through their dominance in AI memory chips. Korea has vaulted past Canada, Germany, the UK, and France this year.
DRAM ETF probably had something to do with it..
Other than the DRAM ETF, EWY and FLKR are popular South Korea ETFs. KORU is the 3x leveraged version.
Next up - SK Hynix confidentially filed its draft registration statement with the SEC and is fast-tracking the process to list its ADRs on the U.S. market. They are targeting a listing window of June or July 2026 (The Korean Herald).