South Korea's Kospi has staged a stunning comeback. How long will the bull market last?

* South Korea's KOSPI rebounds over 20% from July low, reclaiming bull-market status. * Rebound driven by AI-fueled semiconductor giants SK Hynix and Samsung. * Analysts warn of concentration risk and potential volatility ahead. South Korea's KOSPI has surged more than 20% from its July low, returning to bull-market territory as investors return to semiconductor leaders SK Hynix and Samsung. The rebound follows a sharp sell-off triggered by leveraged-position unwinds, now eased by tighter regulations. Analysts credit strong U.S. tech earnings and sustained AI spending for restoring confidence, but caution that heavy index concentration and elevated retail participation could fuel further volatility. While corporate-governance reforms help narrow the "Korea discount," some strategists see the rally as fundamentally supported, others view the 20% threshold as a technical bounce rather than a new bull market and expect slower, bumpier gains ahead.