South Korea’s KOSPI Hits New High After 100% Rally: Is Korean Retail Forgetting Bitcoin?
BeInCrypto
South Korea's KOSPI index has surged 100% year-to-date, drawing retail liquidity away from the local cryptocurrency market into leveraged semiconductor stocks.Summary
South Korea's KOSPI benchmark reached a record high after a 100% year-to-date rally fueled by massive demand for chipmakers Samsung Electronics and SK Hynix. This equity boom has drawn significant retail capital, causing Korean cryptocurrency trading volumes to decline by approximately 80% as investors rotate liquidity. While the crypto market currently faces a negative “kimchi premium,” analysts suggest that any significant correction in the KOSPI could trigger a shift back into Bitcoin and digital assets, especially as the government pursues initiatives like a domestic won-pegged stablecoin to retain capital.
(Source：BeInCrypto)