Meet the Tiny Market Already 5Xing the S&P 500 in 30 Days

Meet the tiny market that has already surged five times the S&P 500 in 30 days, driven by memory and storage chips and AI demand. South Korea's stock market has benefited from dominant players SK Hynix and Samsung, with the iShares MSCI South Korea ETF (EWY) providing access to other beneficiaries like LG Electronics and Hyundai Motor. The market is up over 101% year to date, as analysts raise price targets on memory names amid tight global supply. The structure of Korea's Chaebol firms adds risk and complexity, but many investors see the discount of Korea as a potential upside.