On the first trading day of May, the 4th, the KOSPI surged more than 5% in a single day, breaking through the 6,900 mark, and now just a 1% increase would usher in an unprecedented era of '7,000 points.' According to the Korea Exchange on this day, the KOSPI closed at 6,936.99, up 5.12% from the previous trading day, setting a new all-time high. SK Hynix closed at 1,447,000 won, up 12.52% that day, with a market capitalization of 1,031 trillion won, and last week The expansion of AI investments by U.S. big tech companies and news of increased semiconductor exports in April, announced earlier this month, have boosted the stock price. Meanwhile, following the rapid rise in the KOSPI, the National Pension Service has earned more than four times its annual expenditure in just four months, and it was found that the pension's fund management income for this year surpassed 200 trillion won last month. Although the NPS did not actively buy domestic stocks this year, the value of its holdings surged, leading to these results, and there are forecasts that it could soon surpass last year's annual operating income of 231 trillion won. Although the aftermath of the US-Iran war temporarily shocked the National Pension Fund's returns, recently the Korean and US stock markets have been hitting new highs again, so even considering future spending increases, it is said that all scheduled expenditures by 2028 can be covered.
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