Goldman Sachs (Asia) L.L.C.
Report published May 12, 2026
FOMO Korea: Goldman Sachs Research on the KOSPI’s Historic 7,000 Milestone
Goldman Sachs (Asia) L.L.C. · May 12, 2026
The KOSPI has surpassed 7,000 for the first time, fueled by record foreign inflows and AI-driven earnings growth. Goldman Sachs expects a further climb to 8,000 as the market undergoes a structural rerating.
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Finvaulta summarizes Goldman Sachs (Asia) L.L.C.'s analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Key Takeaways
- 1.The KOSPI has reached a historic milestone, crossing 7,000 for the first time, following a 6.5% daily surge and massive foreign inflows.
- 2.Korea is transitioning from a structurally discounted market to a structurally rerating one, supported by AI leadership and governance reform.
- 3.Goldman Sachs has raised its 12-month KOSPI target to 8,000, driven by an expected 220% growth in 2026 earnings.
Table of Contents
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Report data
KOSPI forward P/E standard deviation
| Metric | Estimate | Context |
|---|---|---|
| KOSPI Level | 7000 Index Points | Historic high crossing 7,000. |
| KOSPI 12-month target | 8000 Index Points | Raised from 7,000. |
| Foreign Daily Purchase | 3.1 Trillion Won | Biggest-ever daily purchase of local shares. |
| 2026 Earnings Forecast Growth | 220 Percent | Updated forecast driving higher index target. |
| KOSPI forward P/E | -2.4 standard deviations | Valuation relative to history since 2009. |
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Authors / Editors
Lynn Zhang · Global Banking & MarketsJohn Kwon · Strategist