Goldman says Korea market still looks cheap at record highs

Goldman Sachs raised its 12-month Kospi target to 9,000, one of the highest among major brokerages, saying South Korean stocks still have room to climb after a rally that has already lifted the benchmark more than 75 percent this year. The US investment bank lifted its target from 8,000 in a Thursday report, just 20 days after its previous upgrade, calling Korea its "highest conviction view" in Asia. Goldman even noted the new projection remains "conservative," citing stronger earnings, still-ch

By The Korea Herald