The South Korean stock market KOSPI index rose 2% to a new all-time high.

The benchmark index of the South Korean stock market, the KOSPI index, rose 2% on Thursday, hitting a historic high and breaking President Lee Myung-bak's target of 5000 points for the first time. Samsung Electronics, SK Hynix, and Hyundai Motor were among the top contributors to the index. The KOSPI index has risen over 90% in the past year.