KOSPI
^KS11South KoreaPremier benchmark of the Korea Exchange representing all common shares traded on the Stock Market Division.
As of Oct 29, 2026, KOSPI (^KS11) closed at 5,937.66 pts, representing a -34.86% drawdown from its all-time high of 9,114.55 pts recorded on Jun 22, 2026 (129 days ago). Returning to all-time high requires a +53.5% gain.
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Drawdowns of Top Holdings
Historical Maximum Drawdowns & Annual Drops
Deepest peak-to-trough drop recorded within each calendar year.
Over the last 10 completed years, KOSPI experienced an average intra-year drawdown of -17.3% lasting an average of 118 days peak-to-trough, with its deepest drawdown reaching -35.7% in 2020.
| Year | Max Intra-Year Drawdown | Peak High | Bottom Trough | Peak-to-Trough | Yearly Return |
|---|---|---|---|---|---|
| 2025 | -14.14%Correction | Feb 19, 2025 2,671.52 | Apr 9, 2025 2,293.70 | 49 days | +75.63% |
| 2024 | -18.36%Correction | Jul 11, 2024 2,891.35 | Dec 9, 2024 2,360.58 | 151 days | -9.63% |
| 2023 | -14.59%Correction | Aug 1, 2023 2,667.07 | Oct 31, 2023 2,277.99 | 91 days | +18.73% |
| 2022 | -27.89%Bear Market | Jan 4, 2022 2,989.24 | Sep 30, 2022 2,155.49 | 269 days | -24.89% |
| 2021 | -14.11%Correction | Jul 6, 2021 3,305.21 | Nov 30, 2021 2,839.01 | 147 days | +3.63% |
| 2020 | -35.71%Bear Market | Jan 22, 2020 2,267.25 | Mar 19, 2020 1,457.64 | 57 days | +30.75% |
| 2019 | -15.07%Correction | Apr 16, 2019 2,248.63 | Aug 7, 2019 1,909.71 | 113 days | +7.67% |
| 2018 | -23.18%Bear Market | Jan 29, 2018 2,598.19 | Oct 29, 2018 1,996.05 | 273 days | -17.28% |
| 2017 | -5.38%Pullback | Jul 24, 2017 2,451.53 | Aug 11, 2017 2,319.71 | 18 days | +21.76% |
| 2016 | -4.36%Minor Dip | Oct 24, 2016 2,047.74 | Nov 9, 2016 1,958.38 | 16 days | -1.04% |
KOSPI Historical Maximum Drawdown & Bear Market History
Historical Maximum Drawdowns & Major Crashes
South Korea's KOSPI benchmark is highly sensitive to the global semiconductor memory cycle and export demand. During the 1997–1998 Asian Financial Crisis, the index collapsed -72.1%. In the 2000–2001 Dot-com bust, it fell -54.8%, and the 2007–2008 Global Financial Crisis produced a -54.5% decline from 2,064 down to 938. In the 2021–2022 post-pandemic tightening cycle, the KOSPI dropped -34.8% from its July 2021 peak of 3,305 down to a September 2022 trough of 2,155.
Typical Pullback Frequency
Because memory chip giants (such as Samsung Electronics and SK Hynix), industrial exporters, and battery manufacturers dominate its market capitalization, the KOSPI acts as a high-beta leading indicator for global trade. Pullbacks of -10% to -15% occur almost annually, while cyclical semiconductor inventory corrections regularly drive -25% to -35% drawdowns.
Historical Recovery Timelines
When global technology capital expenditure and trade volumes rebound, the KOSPI can recover rapidly—reclaiming its 2008 crisis peak in 2.4 years and its March 2020 COVID peak in just 165 days. However, when memory pricing downturns coincide with structural corporate governance discounts (the "Korea Discount"), multi-year consolidations of 3 to 5 years are common.