The South Korean stock market has soared 100% since the beginning of this year, surpassing the strong rise during the internet bubble period.

The South Korean stock market has surged by 100% so far this year, surpassing the historical rise before the burst of the internet bubble and the industrial boom of the late 1980s in South Korea. Driven by the sharp increase in SK Hynix and Samsung Electronics, the South Korean Kospi index has continuously broken records, rising from 5000 points to 8000 points in just a few months. The index rose by 5.1% on Wednesday. With this performance, the Kospi index for this year can already be compared to the Nasdaq 100 index, which rose by 102% in 1999, just before the burst of the internet bubble. However, few market observers have issued warnings about the South Korean stock market, as they believe that there is a structural change in global demand for memory chips, shifting from cyclical fluctuations to more sustainable growth trends.