October 29th Press Release (Editor Liu Liu)This year, South Korea's stock market can be said to be one of the "most beautiful boys" in the world-South Korea's KOSPI composite stock price index has risen by nearly 70% so far this year, and the increase can almost be said to be the highest in the world.

JPMorgan said the index is still undervalued from a valuation point of view, which means its rise is likely to continue in the medium and short term.

Raise the target price.

On Monday, the Korean Kospi Index broke the 4000-point threshold for the first time in its history, reaching a new record high. In this context, JPMorgan on Wednesday raised the expected benchmark target for the Kospi index for the next 12 months to 5,000 points, and said the index could also reach 6,000 points in optimistic forecasts.

Korea's Kospi Index is on track to the start of the year.

This means that JPMorgan expects the KOSPI index to have at least 20% room to rise in the next 12 months.

JPMorgan said: ¡°It is necessary to maintain the view that short-term feedback is another buying opportunity.¡±

Prioritize fields such as semiconductors

JPMorgan Chase pointed out that one of the main reasons that can promote the rise of Korea's composite stock price index this year is that Samsung Electronics and SK Hynix, the two largest technology giants in the Korean stock market, rank first and second in terms of market value. Amid the craze of artificial intelligence, the demand for memory chips of these two companies has been soaring, and the stock prices of the two companies have also risen.

Since the beginning of this year, SK Healy¡¯s share price has grown by a cumulative 218.63%, while Samsung¡¯s share price has grown by a cumulative 86.52%, which has made a major contribution to the rise of the Korean Kospi index.

At the same time, South Korea's shareholder return policies, including stock buybacks, are being optimized, which will also help improve the overall valuation of the South Korean stock market.

JPMorgan has listed the banks¡¯ priorities, including ÈýÐǵç×Ó¡¢SKº£Á¦Ê¿¡¢º«»ªº½¿Õº½Ìì¡¢ÏÖ´úÆû³µ¡¢Naver¡¢Ðº«½ðÈÚ¼¯ÍÅ£¨Shinhan Financial Group£©¡¢ÈýÐÇ C&T¡¢ÈýÐÇÈËÊÙ±£ÏÕÒÔ¼°º«¹úº£´ïÔì´¬Ó뺣Ñ󹤳̹«Ë¾¡£

The bank noted: ¡°It is feasible to increase the investment strategy in the Korean Comprehensive Stock Price Index (KOSPI) market with semiconductors, finance and some industrial stocks at the core.¡±