From rally to rerating: Can Korea make its premium last?

The Kospi has proved it can rally. The harder test is whether Korean companies can keep commanding higher valuations after the momentum fades. That challenge lies at the heart of Korea’s push to turn its decades-old “Korea discount” into a “Korea premium.” This year’s surge brought that goal closer, fueled by governance reform, stronger shareholder returns and a historic semiconductor earnings boom. But the summer correction exposed the rally’s narrow foundations. Samsung Electronics and SK hyni