Global Investors Dump $60 Billion of South Korean Stocks as Kospi Jumps 71%

3 articles · Updated · Bloomberg · May 20

$60 billion has been pulled from South Korean equities by foreign investors since Jan. 1, even as the Kospi has become the world’s best-performing major stock market with a 71% gain.
39% of the Kospi is foreign-owned, making the sustained selling notable and raising questions about whether global institutions see the rally as overheated.
137 trillion won ($91 billion) now sits in local brokerage accounts, up about two-thirds in six months, pointing to a powerful retail-driven surge.
Record margin loans have added to that domestic buying wave, amplifying bets and sharpening concerns that the market’s advance is being fueled by leverage as well as optimism.

With foreigners selling and locals buying, is South Korea's record-breaking stock market rally a massive bubble about to burst?

Can government reforms finally erase the 'Korea Discount', or is this rally just a temporary boom in a few tech stocks?