Goldman’s Moe Holds 12,000 KOSPI Target Despite 74% Gap

Goldman Sachs strategist Timothy Moe still expects South Korea’s KOSPI to reach 12,000, even though the index would need to rise about 74% from near 6,899. The benchmark is up roughly 60% in 2026 but has fallen about 24% from its June record close, according to BeInCrypto, with SK Hynix up 157% year to date and Samsung Electronics up 106%. Moe said the call rests on earnings growth, valuation and US Big Tech spending, while citing CXMT and political resistance to new data centers as risks.