UBS Global Wealth Management's Chief Investment Office has upgraded its rating for South Korean stocks to 'attractive' following a significant decline earlier this week. According to Jin10, UBS noted that the approximately 20% correction in the South Korean market reflects technical deleveraging rather than a deterioration in fundamentals. The firm highlighted that DRAM prices remain high amid supply shortages, which is expected to support strong profit growth for South Korean semiconductor manufacturers. UBS emphasized that this momentum is driven by structural trends such as global AI infrastructure development, digital transformation, and South Korea's leadership in advanced manufacturing. UBS forecasts that DRAM spot prices will nearly double to $1.7 per Gb by the second half of 2027.