KOSPI

Korean stock market index

KOSPI

KOSPI performance between 1980 and 2020

Foundation| 1980; 45 years ago (1980)
Exchanges| Korea Exchange
Trading symbol| ^KS11
Constituents| 928
Market cap| ₩2,254 trillion  ( January 2023)
KOSPI

Hangul|

코스피지수

Hanja|

코스피指數

Revised Romanization| Koseupi jisu
McCune–Reischauer| K'osŭp'i chisu

The Korea Composite Stock Price Index or KOSPI (Korean: 한국종합주가지수) is the index of all common stocks traded on the Stock Market Division—previously, Korea Stock Exchange—of the Korea Exchange. It is the representative stock market index of South Korea, analogous to the S&P 500 in the United States.

KOSPI was introduced in 1983 with the base value of 100 as of 4 January 1980. It is calculated based on market capitalization. As of 2007, KOSPI's daily volume is hundreds of millions of shares, valued at trillions of won.

## History

[edit]

KOSPI was introduced in 1983, replacing the Dow-style KCSPI (Korea Composite Stock Price Index).[citation needed]

For years, KOSPI moved below 1,000, peaking above 1,000 in April 1989, November 1994, and January 2000. On 17 June 1998, KOSPI recorded its largest one-day percentage gain of 8.50% (23.81 points), recovering from the bottom of the Asian financial crisis. On 12 September 2001, KOSPI had its largest one-day percentage drop of 12.02% (64.97 points) just after 9/11. On 28 February 2005, KOSPI closed at 1,011.36, plunging to 902.88 in April. However, unlike previous bull traps, it kept moving upward, breaking the long-standing 1,000-point resistance level.[citation needed]

In November 2005, the index's Korean name was officially changed to Koseupi jisu (코스피지수).[citation needed]

On 24 July 2007, KOSPI broke 2,000 level for the first time. On 25 July it closed at 2,004.22. On 20 August 2007, the index recovered 93.20 (5.69%), its largest one-day point gain, after the U.S. Federal Reserve lowered the discount rate. On 16 October 2008, the index dropped 126.50 (9.44%), after the Dow Jones Industrial Average dropped 7.87%.[citation needed]

On 23 November 2020, the index broke the record set in 2018 for the first time at 2,602.59 points, after the coronavirus pandemic of 2020 plunged the KOSPI to a low in March.[1]

## Record values

[edit]

All-time highs  Category  | Index value  | Date

|
|

Closing | 3,305.21 | 6 July 2021
Intraday | 3,316.08 | 25 June 2021

Starting from February 24, 2020,[2] the index dropped continuously during the COVID-19 pandemic. As of March 15, the KOSPI closed at 1,771.44, prompting the Financial Supervisory Commission to impose a six-month ban on short-selling, the first such drastic action in nearly nine years.[3]

## Milestones

[edit]

The following is a timeline showing the rise of the KOSPI over the course of Korean stock market history.

Milestones  Index
milestone  | Date  | Closing
index value

|
|

100 | 4 January 1980 | 100.00
200 | 1 April 1986 | 200.15
300 | 21 January 1987 | 301.93
400 | 31 March 1987 | 405.13
500 | 19 August 1987 | 500.73
600 | 26 January 1988 | 602.32
700 | 24 May 1988 | 705.51
800 | 24 November 1988 | 805.86
900 | 12 December 1988 | 911.35
1,000 | 31 March 1989 | 1,003.31
1,500 | 9 April 2007 | 1,501.06
2,000 | 25 July 2007 | 2,004.22
2,500 | 30 October 2017 | 2,501.93
3,000 | 7 January 2021 | 3,031.68
3,300 | 25 June 2021 | 3,302.84

## Annual Returns

[edit]

The following table shows the annual development of the KOSPI since 1981.[4][5]

Year  | Closing level  | Change in index
over the calendar year

|
|

Points  | %
1981  | 131.30  |  |
1982  | 128.99  | −2.31 | −1.76
1983  | 121.21  | −6.03 | −7.78
1984  | 142.46  | 21.25  | 17.53
1985  | 163.37  | 20.91  | 14.68
1986  | 272.61  | 109.24  | 66.87
1987  | 525.11  | 252.50  | 92.62
1988  | 907.20  | 382.09  | 72.76
1989  | 909.72  | 2.52  | 0.28
1990  | 696.11  | −213.61 | −23.48
1991  | 610.92  | −85.19 | −12.24
1992  | 678.44  | 67.52  | 11.05
1993  | 866.18  | 187.74  | 27.67
1994  | 1,027.37  | 161.19  | 18.61
1995  | 882.94  | −144.43 | −14.06
1996  | 651.22  | −231.72 | −26.24
1997 | 376.31 | −274.91 | −42.21
1998 | 562.46 | 187.31 | 49.93
1999 | 1,028.07 | 465.61 | 82.78
2000 | 504.62 | −523.45 | −50.92
2001 | 693.70 | 189.08 | 37.47
2002 | 627.55 | −66.15 | −9.54
2003 | 810.71 | 183.16 | 29.19
2004 | 895.92 | 85.21 | 10.51
2005 | 1,379.37 | 483.45 | 53.96
2006 | 1,434.46 | 55.09 | 3.99
2007 | 1,897.13 | 462.67 | 32.25
2008 | 1,124.47 | −772.66 | −40.73
2009 | 1,682.77 | 558.30 | 49.65
2010 | 2,051.00 | 368.23 | 21.88
2011 | 1,825.74 | −225.26 | −10.98
2012 | 1,997.05 | 171.31 | 9.38
2013  | 2,011.34  | 14.29  | 0.74
2014  | 1,915.59  | −95.75 | −4.76
2015  | 1,961.31  | 45.72  | 2.39
2016  | 2,026.46  | 65.15  | 3.32
2017  | 2,467.49  | 441.03  | 21.76
2018  | 2,041.04  | −426.45 | −17.28
2019  | 2,197.67  | 156.63  | 7.67
2020  | 2,873.47  | 675.80  | 30.75
2021  | 2,977.65  | 104.18  | 3.63
2022  | 2,236.40  | −741.25 | −24.89
2023  | 2,655.28  | 418.88  | 18.73
2024  | 2,399.49  | −255.79 | −9.63

## Components

[edit]

As of February 2024, KOSPI has over 880 components. As of March 2025, the top 10 stocks by market capitalization are:

Logo  | Company  | Symbol

|
|

| Samsung Electronics | KRX: 005930
| SK Hynix | KRX: 000660
| Samsung Biologics | KRX: 207940
| LG Energy Solution | KRX: 373220
| Hyundai Motor Company | KRX: 005380
| Celltrion | KRX: 068270
| Kia | KRX: 000270
| Naver Corporation | KRX: 035420
| KB Financial Group | KRX: 105560
| Hanwha Aerospace | KRX: 012450

## Other indices

[edit]

Kospi, Kosdaq, and KRW (in January 2022)

* KOSPI 200, KOSPI 100, and KOSPI 50
* LargeCap, MidCap, and SmallCap indices based on market capitalization
* KOGI corporate governance index
* KODI dividend index
* Industry indices like chemicals, electrical & electronic equipments, transport equipment, or banks.
* KRX 100 and other KRX indices which take into account both stock markets of Korea Exchange (KRX) — Stock Market Division and KOSDAQ Division

### KOSPI 200

[edit]

Main article: KOSPI 200

The KOSPI 200 index consists of 200 big companies of the Stock Market Division. The base value of 100 was set on 3 January 1990. It has over 70% market value of the KOSPI, and so moves along with the KOSPI index. KOSPI 200 is important because it is listed on futures and option markets and is one of the most actively traded indices in the world. The KOSPI is calculated as current market capitalization (at the time of comparison) divided by base market capitalization (as of 4 January 1980).

That is: Current index = Current total market cap of constituents × 100 / Base Market Capitalization[6]

Its all-time low is 31.96, reached on 16 June 1998, during the financial crisis. It closed above 200 for the first time on 24 April 2007.

Kospi 200 futures (ticker symbol KOS) are traded on the Korean Futures Exchange. Contracts are quoted in index points with each contract size valued at 250,000 index points.[7] CQG contract specifications for the kospi 200 can be found in the table below.

KOSPI 200: Contract Specifications[7] Contract Size  | 250,000 Points

|

Exchange  | KRX
Sector  | Index
Tick Size  | 0.05
Tick Value  | 12500 KRW
Big Point Value (BPV)  | KRW
Decimal Places  | 2

### KRX 100

[edit]

KRX 100 is the index of 100 companies listed on Korea Exchange, including KOSDAQ's big companies. It's meant to replace KOSPI 200 as the key futures index, but has not been very successful to date.

### KRX derivatives products

[edit]

* Stock Index Products: KOSPI 200 Futures, KOSPI 200 Options, STAR Futures
* Individual Equity Products: Individual Equity Futures, Individual Equity Options
* Interest Rate Products: 3-Year Korea Treasury Bond Futures (KTB3), 5-Year Korea Treasury Bond Futures (KTB5), 10-Year Korea Treasury Bond Futures (KTB10), MSB Futures
* Currency Products: USD Futures, USD Options, Japanese Yen Futures, Euro Futures
* Commodity Products: Gold Futures, Lean Hog Futures

## Investment procedures for foreigners

[edit]

To trade futures and options contracts listed on KRX, a foreign investor may designate custodian banks as standing proxies (through custodian bank agreements and standing proxy agreements to facilitate trading).[citation needed]

A custodian bank as a standing proxy opens accounts at foreign exchange banks and futures companies, deposits, and withdrawals investors' money and monitors investors' properties for them. A foreign investor should designate foreign exchange banks through a foreign currency exchange agreement to execute his foreign exchange transactions and transfers. Most foreign exchange banks also do custodian bank and standing proxy operations. A foreign investor should designate securities and futures companies to trade futures and options traded on KRX.[citation needed]

## See also

[edit]

* CNX Nifty
* Hang Seng Index
* KOSDAQ
* KOSPI 200
* Nikkei 225
* SENSEX
* SSE Composite
* TAIEX

## References

[edit]

1. ^ "Kospi hits record 2,602.59 as optimism continues after U.S. election result". Korea JoongAng Daily. 23 November 2020. Retrieved 16 April 2021.
2. ^ Huang, Eustance (23 February 2020). "South Korea stocks drop nearly 4% as country raises coronavirus alert to 'highest level'". CNBC.
3. ^ Kirk, Donald (15 March 2020). "Coronavirus Hits South Korean Markets Despite Easing Of Crisis". Forbes.
4. ^ "Historical data: KOSPI Index - South Korea (^KOSPI)".
5. ^ "KOSPI Composite Index (South Korea) Yearly Stock Returns". www.1stock1.com. Retrieved 20 January 2020.
6. ^ KOSPI 200 weighting methodology via Wikinvest
7. ^ a b "Historical Kospi Intraday Data (KOS)". PortaraCQG. Retrieved 6 September 2022.

## External links

[edit]

* Guide to KOSPI, KRX.
* KOSPI 200 Profile via Wikinvest
* Bloomberg page for KOSPI:IND

### Data

[edit]

* Korea Exchange: KOSPI
* Business data for KOSPI:

* Google
* Reuters
* Yahoo!

* v
* t
* e

KOSPI 200 companies of South Korea

| Communication Service|

* Cheil Worldwide
* Hybe
* Kakao
* Krafton
* KT
* LG Uplus
* Naver
* NCSoft
* Netmarble
* SK Telecom

|

Constructions|

* Daewoo E&C
* DL E&C
* GS E&C
* Hanil Cement
* Hyundai E&C
* KEPCO E&C
* Samsung C&T
* Samsung E&A

Consumer Discretionary|

* Coway
* DoubleU Games
* F&F
* Fila
* Grand Korea Leisure
* Hana Tour
* Hanjin KAL
* Hankook
* Hankook & Company
* Hanon Systems
* Hansae
* Hanssem
* HL Mando
* Hotel Shilla
* Hyundai Department Store
* Hyundai Mobis
* Hyundai Motor
* Hyundai WIA
* Iljin Hysolus
* Kangwon Land
* KG Mobility
* Kia
* Kumho Tire
* Lotte Shopping
* Sebang Global Battery
* Shinsegae
* SL
* Youngone
* Youngone Holdings

Consumer Staples|

* Amorepacific
* Amorepacific Group
* APR
* BGF Retail
* CJ
* CJ CheilJedang
* Cosmax
* Daesang
* Dongsuh
* Emart
* GS Retail
* HiteJinro
* KEPCO
* Kolmar Korea
* Korea Gas
* KT&G
* LG H&H
* Lotte
* Lotte Chilsung
* Lotte Wellfood
* Nongshim
* Orion
* Orion Holdings
* Ottogi
* Samyang Foods

Energy & Chemicals|

* Cosmo Chemical
* DL
* Foosung
* GS
* Hansol Chemical
* Hanwha
* Hanwha Solutions
* HD Hyundai
* HS Hyosung Advanced Materials
* Hyosung TNC
* Isu Specialty Chemical
* KCC
* Kolon Industries
* Korea Petrochemical
* Kumho Petrochemical
* LG Chem
* Lotte Chemical
* Lotte Fine Chemical
* Miwon Commercial
* OCI
* OCI Holdings
* PI Advanced Materials
* SK
* SK Chemicals
* SK Innovation
* SKC
* S-Oil
* Taekwang Industrial
* TKG Huchems

Financials|

* BNK Financial
* DB Insurance
* DGB Financial
* Hana Financial
* Hanwha Life
* Hyundai Marine & Fire
* Industrial Bank of Korea
* JB Financial
* KakaoBank
* KakaoPay
* KB Financial
* Kiwoom Securities
* Korea Investment
* Meritz Financial
* Mirae Asset Securities
* NH Investment & Securities
* Samsung Card
* Samsung Fire & Marine
* Samsung Life
* Samsung Securities
* Shinhan Financial
* Woori Financial

Health Care|

* Celltrion
* Chong Kun Dang
* Daewoong
* Daewoong Pharmaceutical
* Dentium
* Green Cross
* Green Cross Holdings
* Hanall Biopharma
* Hanmi Pharm
* Hanmi Science
* Samsung Biologics
* SD Biosensor
* SK Biopharm
* SK Bioscience
* Yuhan

Heavy Industries|

* CS Wind
* Doosan
* Doosan Bobcat
* Doosan Enerbility
* Doosan Robotics
* Hanwha Ocean
* Hanwha Vision
* HD Hyundai Electric
* HD Hyundai Heavy Industries
* HD Hyundai Infracore
* HD Hyundai Mipo
* HD KSOE
* Hyosung Heavy Industries
* Hyundai Elevator
* Hyundai Rotem
* Samsung Heavy Industries

Industrials|

* CJ Logistics
* Doosan Fuel Cell
* Ecopro Materials
* Hanwha Aerospace
* Hanwha Systems
* HMM
* Hyundai Glovis
* KEPCO KPS
* Korea Aerospace
* Korean Air
* L&F
* LG Energy Solution
* LIG Nex1
* LS
* LS Electric
* LX International
* Pan Ocean
* POSCO Future M
* POSCO International
* S-1
* SK IE Technology
* SK Networks
* Taihan Cable & Solution

IT|

* Cosmo AM&T
* Hanmi Semiconductor
* LG
* LG Display
* LG Electronics
* LG Innotek
* POSCO DX
* Samsung Electro-Mechanics
* Samsung Electronics
* Samsung SDI
* Samsung SDS
* SK Hynix
* SK Square

Steels & Materials|

* Dongwon Systems
* Hyundai Steel
* Korea Zinc
* Poongsan
* POSCO
* Sama Aluminium
* Seah Besteel
* Seah Steel Holdings
* TCC Steel
* Youlchon Chemical

* v
* t
* e

Economy of South Korea

History|

* Economic history of South Korea
* Five-Year Plans of South Korea
* Heavy-Chemical Industry Drive
* Miracle on the Han River
* Four Asian Tigers
* 1997 Asian financial crisis
* South Korea–Japan trade dispute

Currency|

* Won (1945–1953)
* Hwan (1953–1962)
* Won (1962–)
* Korea Minting and Security Printing Corporation
* Bank of Korea

Industry|

* Agriculture
* Rice production
* Automotive
* Film
* Defense
* Financial services
* Fishing
* Markets
* Retailing
* Science and technology
* Manufacturing
* Semiconductor
* Tourism
* Transport

Labor|

* Inequality
* Labor movement
* Poverty
* Trade unions
* Unemployment
* Youth unemployment
* Work-life balance

Energy|

* Energy
* Renewable energy
* Nuclear power
* Wind power
* Solar power
* Trans-Korea Pipeline
* South–North Pipeline Korea

Finance|

* Korea Exchange
* KOSPI
* KOSPI 200
* KOSDAQ
* Banks
* Korea Deposit Insurance Corporation
* Korea Financial Investment Association
* Kimchi bond

Free Trade Agreements|

* ASEAN
* EFTA
* India
* Indonesia
* Peru
* European Union
* United States
* Australia
* Canada
* China
* United Kingdom
* Other FTAs
* Exports
* Trade policy

Government agencies|

* Ministry of Economy and Finance
* Ministry of Employment and Labor
* Ministry of SMEs and Startups
* Ministry of Trade, Industry and Energy
* Fair Trade Commission
* Financial Services Commission
* Financial Supervisory Service

Organizations|

* Federation of Korean Industries
* Korea Chamber of Commerce and Industry
* Korea International Trade Association

Related topics|

* Billionaires
* Chaebol
* Companies
* Largest companies
* International rankings
* Regions by GDP
* Seoul

See also: Economy of North Korea

* v
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* e

Stock market indices

Global|

| Equities|

* MSCI ACWI Index
* MSCI World
* S&P Global 100
* S&P Global 1200
* The Global Dow
* Dow Jones Global Titans 50
* FTSE All-World index series
* OTCM QX ADR 30 Index

|

Commodities|

* Bloomberg Commodity Index
* S&P GSCI
* Deutsche Bank Liquid Commodity Index
* NCDEX Commodity Index
* Refinitiv Equal Weight Commodity Index
* Refinitiv/CoreCommodity CRB Index
* Rogers International Commodity Index
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Regional|

| Asia|

* S&P Asia 50

|

Europe|

* EURO STOXX 50
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Latin America|

* S&P Latin America 40

Other|

* MSCI EAFE
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Industry indices|

| Energy|

* Amex Oil Index

|

Electronics|

* PHLX Semiconductor Sector
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Metals|

* HUI Gold Index
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Real estate|

* CBV Real Estate Index

Water|

* Palisades Water Index

Other|

* Baltic Dry Index

Americas|

| US|

| Major|

* Dow Jones Industrial Average
* NYSE Composite
* Nasdaq Composite
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* Russell 2000
* Wilshire 5000

|

Other|

* Dow Jones Transportation Average
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Canada|

* S&P/TSX 60
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Other|

* Indice de Precios y Cotizaciones (Mexico)
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Europe|

| UK|

* FT 30
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* FTSE AIM UK 50 Index
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|

France|

* CAC 40
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* CAC Mid 60
* CAC Small
* CAC All-Tradable
* SBF 120

Other|

* AEX
* ATX
* BEL 20
* BUX
* DAX
* FTSE MIB
* IBEX 35
* ISEQ 20
* MOEX
* OBX
* OMXC25
* OMXH25
* OMXS30
* PSI-20
* PX
* RTSI
* SMI
* WIG20

Asia|

| China|

* SSE Composite
* SZSE Component
* SSE 50 Index
* SSE 180 Index
* CSI 100 Index
* CSI 300 Index
* SZSE 100 Index
* SZSE 200 Index
* SZSE 300 Index

|

India|

* BSE SENSEX
* NIFTY 50
* NIFTY Next 50
* NIFTY 500
* GIFT Nifty

Japan|

* Nikkei 225
* TOPIX
* S&P/TOPIX 150

South Korea|

* KOSPI
* KOSPI 200
* KOSDAQ

Other|

* KASE (Kazakhstan)
* KSE (Kyrgyzstan)
* Tashkent (Uzbekistan)
* Hang Seng (Hong Kong)
* TAIEX (Taiwan)
* Moscow Exchange (Russia)
* KSE 100 (Pakistan)
* IDX Composite (Indonesia)
* Straits Times Index (Singapore)
* KLCI (Malaysia)
* PSEi (Philippines)
* SET Index (SET50/SET100) (Thailand)
* ASE Weighted (Jordan)
* DFM Index (Dubai)
* TASI (Saudi Arabia)
* TA-125 (Israel)
* TSE (Iran)
* BIST (Turkey)

Oceania|

| Australia|

* S&P/ASX 20
* S&P/ASX 50
* S&P/ASX 200
* S&P/ASX 300
* All Ordinaries

|

New Zealand|

* S&P/NZX 50 Index

Africa|

* EGX 30
* JSE Top 40
* MADEX
* NSE 30

* v
* t
* e

Major Asian stock market indices

Central Asia|

* KASE
* KSE
* Tashkent

East Asia|

* CSI 300
* Hang Seng
* KOSPI
* KOSPI 200
* Nikkei 225
* SSE Composite
* SZSE Component
* TAIEX
* TOPIX

North Asia|

* Moscow Exchange

South Asia|

* BSE SENSEX
* NIFTY 50
* NIFTY Next 50
* NIFTY 500
* GIFT Nifty
* APSI
* DSE
* KSE 100

Southeast Asia|

* IDX Composite
* KLCI
* PSEi
* STI
* SET Index (SET50/SET100)

Western Asia|

* ASE Weighted
* DFM Index
* TASI
* TA-125
* TSE
* BIST

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