# Goldman Sachs calls South Korea its "highest conviction view" in Asia.

*business · news · 2026-05-08 · Business Insider*

## Key points

- Goldman Sachs raised its 12-month Kospi index target from 8,000 to 9,000.
- Goldman expects South Korean corporate earnings growth of 300% in 2026, led by semiconductors.
- Record DRAM and NAND supply shortfalls are driving sharply increasing memory prices, per Goldman.
- South Korean stocks still have modest valuations despite a 77% gain in the Kospi this year.

**Companies:** Samsung Electronics, SK Hynix
**Countries:** South Korea

[Read the full story on Business Insider](https://www.businessinsider.com/goldman-sachs-south-korea-kospi-stock-market-outlook-ai-boom-2026-5)

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