KOSPI market cap overtakes greater Seoul housing market amid AI-led rally

The market capitalization of the benchmark Korea Composite Stock Price Index (KOSPI) is estimated to have surpassed the total value of the housing market in the greater Seoul area amid a stock rally led by an artificial intelligence (AI) chip boom, data showed Monday. According to data compiled by KRX Data Marketplace, the KOSPI's market capitalization stood at 6,135 trillion won ($4.1 trillion) as of Friday. That compares with the estimated 4,914 trillion won value of the housing market in Seoul and the surrounding metropolitan area in 2024, based on the latest available data. The total housing market value is calculated by combining the building value of residential structures with the market value of the land on which they stand. At the end of 2024, the KOSPI's market capitalization stood at 1,963 trillion won, equivalent to only about 40 percent of the greater Seoul housing market's value at the time. The gap has narrowed rapidly as the stock market outpaced gains in the real estate sector. According to the Korea Real Estate Board, the capital area's housing transaction price index ros