On May 11, 2026, JPMorgan raised its target for South Korean stocks for the second time in less than a month, citing improvements in the semiconductor cycle, corporate governance reforms, and growth in the industrial sector. The bank raised its base target for the Kospi index to 9,000 points, with a bull-case scenario target of 10,000 points, representing a 33% upside from last Friday's closing price. Previously, the bank had set base and bull-case targets of 7,000 points and 8,500 points, respectively, at the end of April.
