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Goldman Sachs calls South Korea its "highest conviction view" in Asia.
Goldman Sachs raised its 12-month Kospi index target from 8,000 to 9,000.
KEY POINTS
- 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
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