Market Watch
05 Jun 2026, 07:27 UTC · 3h ago
One quadrillion is the number used to describe the wealth effect of South Korea's stock-market miracle
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Market Watch
05 Jun 2026, 07:27 UTC · 3h ago
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Story key points
2 claims · impact-rated
South Korea's stock market has more than doubled in value so far this year. — Significant equity growth indicates strong momentum and bullish sentiment in the Korean market.
+0.60The market rally could generate a wealth effect of up to KRW 43 trillion ($28 billion) for the population. — Increased household wealth typically leads to higher consumer spending, supporting broader economic growth.
+0.40Ticker attribution
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Reuters
5h ago
