Goldman Sachs: The Korea Composite Stock Price Index Could Rise Another 20%, Targeting 9,000 Points

Gelonghui, May 8 — So far this year, South Korea's benchmark stock index KOSPI has risen by more than 70%, but Goldman Sachs says this rally is not over yet. Goldman Sachs has raised its 12-month target level for the KOSPI from 8,000 points to 9,000 points, about 20% above its current level, citing underestimated profit prospects in the storage industry.