Finance

KB Securities raises 2026 KOSPI target to 10,500, citing AI-led earnings gains

KB Securities raised its 2026 KOSPI target to 10,500 from 7,500, a 40 percent increase, citing faster corporate earnings improvement driven by expanding artificial intelligence investment. It estimated 2026 KOSPI operating profit at 919 trillion won, triple from the previous year, and projected combined operating profit at Samsung Electronics and SK Hynix to rise sharply through 2027. It limited the likelihood of a bubble collapse in the short term.

Finance

Mirae Asset Securities posts 1.0019 trillion won Q1 net profit, first in brokerage industry to top 1 trillion

Mirae Asset Securities said on Monday its first-quarter net profit rose 288 percent from a year earlier to 1.0019 trillion won, the first time a South Korean brokerage has posted quarterly net profit above 1 trillion won. Operating profit rose to 1.375 trillion won. The firm cited growth in wealth management and pensions, improved results at overseas units and gains from proprietary investment. Total client assets stood at 660 trillion won at end-March.