Goldman Sachs Expects South Korea Stock Gains to Broaden Beyond Two Memory Chipmakers

Goldman Sachs said in its latest research report that the rally in South Korean stocks is expected to spread in the second half of the year and no longer be limited to two major memory chip giants. According to Jin10, Goldman Sachs pushed back against bubble concerns, saying the rise in leverage has been driven by higher share prices rather than new borrowing. The report also said households still hold cash and can continue increasing their positions in South Korean equities.