KOSPI Tops 6,000 Amid Fears of Widening Polarization

The KOSPI has surpassed 6,000 points, and exports, led by semiconductors, have set new records. However, small and medium-sized enterprises (SMEs) are experiencing difficult times due to challenges in sourcing raw materials caused by the war. Some point out that 'economic polarization,' where some sectors experience significant growth while others struggle, could deepen.

A plating company in the National Industrial Complex in Namdong-gu, Incheon, is facing increased costs of 14 million won per month compared to before the war, due to a surge in the price of its raw material, zinc. The company is currently operating only 2 out of its 4 pieces of equipment due to a drop in orders stemming from the war's impact.

A pump machinery manufacturer within the Incheon Industrial Complex has over 20 pieces of equipment sitting idle, still in their packaging. Its main clients are in the Middle East, but its export routes have been cut off since the war began. Outstanding receivables accumulated since last year now exceed 4 billion won.

Overall exports have reached record highs, bolstered by semiconductor performance. The defense and construction industries are also experiencing a boom due to the war. The stock market has recovered to pre-war levels.

The government has allocated a supplementary budget of 130 billion won to support exporting companies facing difficulties due to the war. It is also providing financial assistance to SMEs through 3 trillion won in trade financing.