The Korea Composite Stock Price Index (KOSPI) marked a notable milestone in early May, hitting 6,900 for the first time. This reflected South Korean equities’ general outperformance of their counterparts elsewhere in Asia.
Numerous factors were cited as contributing to the record high. Perhaps most eye-catchingly, they included the settling of the Samsung family’s monumental inheritance tax (IHT) bill – which, at around $8 billion, was the largest in the country’s history.
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