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The Korean stock market has surged 100% this year, with the strong rally surpassing the dot-com bubble era.

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Golden Finance reports that on May 27th, the Korean stock market has surged 100% this year, surpassing the historic rally before the dot-com bubble burst and the late 1980s industrial boom in Korea. Driven by sharp gains in SK Hynix and Samsung Electronics, the Korea Kospi index continues to hit new records, soaring from 5,000 points to 8,000 points in just a few months. The index rose as much as 5.1% on Wednesday. With less than half the year gone, the performance of the Kospi index can be compared to the 102% increase of the Nasdaq 100 index in 1999, just before the dot-com bubble burst. However, few market observers have issued warnings about the Korean stock market, as they believe that global demand for storage chips is experiencing a structural shift, transitioning from cyclical fluctuations to a more sustained growth trend.
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