Crypto World News reports that South Korea has surpassed Canada to become the seventh-largest stock market globally due to strong demand for chips needed for artificial intelligence. Data shows that the total market value of South Korean listed companies has surged 71% this year to $4.59 trillion, while Canada's market value has only increased about 7% to $4.5 trillion. Recently, Samsung Electronics and SK Hynix, which have broken the $1 trillion valuation mark, have seen their stock prices double, thanks to their dominant positions in AI chips, making their products and stocks highly sought after. The South Korean KOSPI has risen over 70% so far this year, while the Toronto Stock Exchange Composite Index, mainly composed of resource and financial stocks, has only increased 7%. Eugene Asset Management's Chief Investment Officer Ha Seokkeun stated that benefiting from the AI-driven memory cycle, South Korea's market capitalization is likely to expand further.