On October 16, South Korean stocks witnessed a rebound on Friday, with the main stock index breaking free from a seven-day losing streak, spurred by investors seeking bargains. However, amidst concerns regarding the longevity of the AI investment craze, the South Korean stock market still experienced its most significant weekly decline in 18 years during this period. The Korea Composite Stock Price Index (KOSPI) concluded Friday's trading session with a 2.05% increase, settling at 5,668.05 points. On Thursday, influenced by higher-than-anticipated U.S. inflation figures, technology stocks faced a sell-off, causing the KOSPI to plummet nearly 8% and close at its lowest point since April 7. Lee Kyung-min, an analyst at Daishin Securities, commented that the stock market's rebound following recent steep declines was primarily driven by bargain-hunting behavior. Nevertheless, the KOSPI recorded a 14.5% drop this week, marking its third consecutive weekly decline and the steepest weekly fall since October 2008.