Korea's pain, India's gain? What Kospi's bear market means for Nifty investors

KOSPI has retreated from its peak of 9,385.59 to around the 7,300 level within a month, triggering circuit breakers as the AI semiconductor trade reversed sharply. Samsung and SK Hynix together account for 52% of the KOSPI, and retail margin debt had swelled to 37.74 trillion won before the crash, leaving the index structurally fragile. Meanwhile, FPIs have pulled approximately Rs 2.6 lakh crore out of India in 2026, with much of that capital redirected to AI semiconductor names in Korea and Taiwan; experts argue the KOSPI correction makes India relatively more attractive on a risk-reward basis but will not mechanically redirect flows until the semiconductor trade stabilises.