The Economist.
Well many are watching the likes of Nvidia, Apple, and other tech giants in the US,
something very unusual indeed is happening in South Korea.
We're seeing record gains on the South Korean Kospi index which has passed the 7000 point mark.
The Kospi has nearly doubled since the start of this year alone.
This huge rally has been led by two makers of advanced memory chips, SK Hynix and Samsung Electronics.
We're following Samsung, it's now reached a $1 trillion market evaluation
after booming demand for chips used in AI.
So the world's largest memory maker more than quadrupled over the past year.
But this surge is also bringing threats of strikes
and big questions about how to spread the benefits of the AI boom.
South Korea's presidential policy office has floated the idea of a national dividend,
basically redirect the AI semiconductor windfall profits into youth startup funds,
support rural basic income and stronger pensions.
So, could South Korea's bull run be about to run out?
You're listening to Money Talks from The Economist.
Our weekly podcast on the markets, the economy and the world of business.
In Singapore, I'm Ethan Wu.
In Washington DC, I'm Alice Fulwood.
And in today's show: Boom time in South Korea.