KOSPI Hits Record High of 4,457…Strong December Exports Drive Samsung Electronics & SK Hynix Surge

KOSPI Breaks Record on Opening Day

On January 5, 2026, the Korea Composite Stock Price Index (KOSPI) closed at 4,457.52, up 3.43%, hitting a new all-time high. The rally was mainly driven by enthusiastic buying from individual investors, who bought a net of nearly 148 points compared to the previous day[1][4].

The market was energized by December’s export figures hitting an all-time high. Notably, **Samsung Electronics and SK Hynix** reached new stock price peaks, leading the index upward[1].

Retail Investors Lead the Charge

Individual investors flooded into the market, pushing the KOSPI higher. The KOSDAQ also gained nearly 2% during the day, showing positive momentum[1].

Experts are optimistic that the KOSPI could reach **5,000 points as early as the first quarter**. The January effect combined with strong earnings reports could attract even more foreign investment[4].

Key Stock Trends

• Samsung Electronics: Expected to surpass 20 trillion won in operating profit, with shares jumping over 7%[1][4].
• SK Hynix: Reached new highs amid a semiconductor boom[1].
• Shipbuilding stocks: Hyundai Heavy Industries and other Korean shipbuilders have raised their annual order targets by 29%, aiming for $23.3 billion this year[2].

Currency and Macroeconomic Outlook

Bank of Korea Governor Lee Chang-yong expressed caution about the won/dollar exchange rate during a New Year’s financial forum. The won is expected to fluctuate between 1,430 and 1,460 against the dollar, with renewed emphasis on the role of the National Pension Service in market stability[3][8].

Combined operating profits for Korea’s four major shipbuilders are projected to reach 10.1 trillion won in 2026, a 55% increase from last year. Higher-value ship orders and favorable exchange rates are key factors[3].

Global Impact and Domestic Economy

The fallout from the recent arrest of Venezuela’s Maduro in the U.S. is also drawing attention to potential impacts on South Korea’s economy. Expectations are rising for benefits in the refining sector and diversification of oil sources[2][5].

Shinsegae Group and Alibaba have signed a Memorandum of Understanding (MOU) to expand exports from Beijing, accelerating South Korea’s entry into Southeast Asian markets. Utilizing platforms like Gmarket and Lazada is central to this strategy[7].

Market Outlook Summary

1. The KOSPI surpassing 4,400 signals continued bullish sentiment.
2. Strong earnings in semiconductors and shipbuilding are fueling growth.
3. Authorities remain cautious about currency fluctuations.

These developments point to a robust recovery for South Korea’s economy in 2026. Investors should keep an eye on foreign investment trends and upcoming earnings reports[1][4].