Business · Markets · 1 hr ago
Yuanta forecasts KOSPI could reach 10,000 in 2027
Yuanta Securities has forecast where South Korea’s stock markets could stand in 2027.
Its base case puts the KOSPI, which tracks large companies, at up to 10,000 and the KOSDAQ at up to 1,200.
In a more optimistic scenario, the targets rise to 12,000 for the KOSPI and 1,550 for the KOSDAQ; in a pessimistic scenario, they fall to 6,000 and 850.
The firm based its KOSPI estimate on expected company profits and a valuation measure, and used the KOSDAQ’s historical relationship with the KOSPI for its estimate.
It expects high inflation, tight policy and high interest rates to ease in the first half of 2027.
The forecast comes as investors worry about high borrowing costs and the effects of the semiconductor cycle, risks that could affect market performance.
Yuanta says a KOSPI level near 6,000 could hold unless a major crisis develops, and points to market normalization and greater investment as possible support for the KOSDAQ.
Yuanta Securities said the KOSPI could reach 10,000 in 2027 under its base-case scenario.
The brokerage’s optimistic scenario puts the KOSPI at 12,000, while its pessimistic scenario puts it at 6,000.
Yuanta set base-case targets of 1,200 for the KOSDAQ, with optimistic and pessimistic targets of 1,550 and 850.
The KOSPI forecast uses expected listed-company net income of 1,160 trillion won and a target price-to-earnings ratio of 7.3.
Yuanta said it expects risks from high inflation, tight monetary policy and high interest rates to ease in the first half of 2027.
- Who
- Yuanta Securities, including investment strategy team head Kim Yong-gu.
- What
- It forecast that the KOSPI could reach 10,000 in 2027 under its base case.
- When
- The outlook was published on October 13, 2026, and concerns the 2027 market.
- Where
- South Korea’s stock market.
- Why
- Yuanta said current index levels were excessively discounted and based its KOSPI forecast on expected net income of 1,160 trillion won and a target price-to-earnings ratio of 7.3.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Base-case KOSPI target
- 10,000 in 2027
- Optimistic KOSPI target
- 12,000
- Pessimistic KOSPI target
- 6,000
- Base-case KOSDAQ target
- 1,200
- Forecast basis
- 1,160 trillion won in expected listed-company net income; target price-to-earnings ratio of 7.3
- Report date
- October 13, 2026
What people are saying
If it does not spread into a systemic risk on the level of the 1997 East Asian financial crisis, the 2000 dot-com bubble collapse or the 2008 US financial crisis, downside support near the KOSPI 6,000 level remains valid even in the worst case.
We give weight to the possibility that the risks of high inflation, tight monetary policy and high interest rates will turn downward, or peak, in the first half of 2027.
Sources
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