**KOSPI's recent pullback from its June 2026 all-time high near 9,385 to the 6,626 close on October 8 leaves the "before 2028" resolution finely balanced at 53.5% for No.** Strong semiconductor-driven export momentum—September shipments topped $60 billion with AI memory demand fueling Samsung Electronics and SK hynix—has prompted major investment banks to lift 2026 GDP forecasts to an average 3.5%, supporting corporate earnings and potential index recovery. However, elevated U.S. 10-year Treasury yields above 5.3%, foreign selling, and global rate pressures have weighed on sentiment and triggered sharp corrections since the summer peak. Key swing factors include sustained AI chip pricing strength through 2027, Bank of Korea policy responses, and resolution of U.S. monetary tightening signals ahead of major earnings and regulatory catalysts.