The Wall Street bank’s new base and bull-case forecasts imply 33% upside from Friday’s close, marking its second increase in less than a month.
JPMorgan had set targets of 7,000 and 8,500 in late April before lifting them again as South Korea’s memory-chip cycle improved.
The upgrade also reflects expectations for stronger corporate governance reforms and industrial-sector growth, reinforcing a more bullish view on South Korean equities.
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