What is driving the rapid shift as South Korea’s bear market turns back into a bull

The recovery in Korean equities owes much to technical factors as retail long positions were liquidated, but it’s also backed by fundamentals – namely booming earnings growth [Image text:] 28,000 1,700 4,700 13,800 7,000 1,100 5,200 11,800 2,400 14,400 06 1,750 3,800 2,800 2,750 1,300 850 3,350 30,800 18,100 1450 100 20.600 7,500 272,000 271,500 109,100 109,000 118,800 118,700 182,600 182,500 164,361 93,494 149,915 210,677 86,900 91,200 61,800 122,900 79,500 86,800 91,100 61,700 122,800 79,400 124,311 197,217 831,023 244,487 111,172 71,700 14,630 13,420 60,400 42,000 71,400 934,493 14,620 743,175 13,410 2,962,222 60,300 178,069 41,950 258,01 47,500 70,700 17,270 25,200 151,800 47,450 98, 70,600 229, 1,096,2 17,260 25,150 1,826,5 151,700 268,23 91,700 91,600 27,300 27.350 129,900 129,800 145,900 145.800 225,500 225,000 988,735 3AA1 120.786 214 KOSPI 6,023.66 -732.09-10.84%