Seoul: The Korea Composite Stock Price Index (KOSPI) has surpassed the 3,500 mark for the first time, marking a significant milestone in the South Korean financial market. This breakthrough is attributed to a surge driven by artificial intelligence and a semiconductor rally.

According to Yonhap News Agency, several South Korean newspapers reported this development as their top headline, highlighting its importance in the economic landscape. The Kyunghyang Shinmun, Kookmin Daily, Donga Ilbo, and Segye Times all emphasized the role of AI in pushing the KOSPI past this historic threshold. Meanwhile, the Korea Economic Daily pointed out the impact of a semiconductor rally and favorable policies as key factors contributing to this achievement.

In addition to the KOSPI’s performance, other headlines from South Korean newspapers touched on the implications of local elections shaped by Chuseok sentiment and the emergence of Seoul and Busan as swing battlegrounds. The JoongAng Ilbo and Hankyoreh both cited the specific figure of 3,549.21 as a record-breaking level attained by the index. Furthermore, the English-language dailies Korea Herald and Korea Times also highlighted the chip-led rally as a pivotal force behind the KOSPI’s unprecedented rise.

Overall, this development reflects the dynamic changes in South Korea’s financial market and the significant influence of technological advancements and industrial rallies on the country’s economic indicators.