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Photo courtesy of Yonhap News |
[Alpha Biz= Kim Jisun] SEOUL, November 11, 2025 — South Korean brokerages have released widely differing forecasts for next year’s KOSPI index, reflecting diverging views on whether the market’s rebound signals a long-term bull run or a temporary recovery.
KB Securities issued the most optimistic forecast, setting its 2026 KOSPI target high at 7,500 points, citing conditions reminiscent of the 1980s “three-lows” era — low dollar, oil, and interest rates. KB expects strong earnings from semiconductor firms to drive record operating profits and views the KOSPI’s valuation as attractive compared with global peers.
At the other end, Kiwoom Securities projected a ceiling of 4,500 points, warning that U.S. tariff policies under the Trump administration and persistent inflation could weigh on equities.
Shinhan Investment Corp. placed its target at 5,000 points, while Korea Investment & Securities and Yuanta Securities each forecast 4,600 points, citing a mix of fiscal support and external risks such as U.S.–China trade tensions.
Despite short-term volatility, analysts agree that policy support and semiconductor exports will remain key drivers of market direction in 2026.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
