South Korea Retail Stocks Outperform Semiconductors in June, Up 18% as Inbound Tourism Boosts Demand

According to F&Guide, South Korea's retail sector achieved the highest monthly return on the KOSPI in June at 18%, significantly outperforming the semiconductor industry's 10% gain. Department store stocks led the rally, with Hyundai Department Store surging 76.7% from 109,600 won to 193,700 won, and Shinsegae climbing 48% from 510,000 won to 755,000 won. Analysts attribute the strength to recovering domestic consumption and rising inbound tourism, with foreign visitor card spending reaching 7.78 trillion won from January to May, with shopping accounting for 45% of that total. The weak Korean won has also enhanced shopping appeal for international luxury brands.
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