[Morning Briefing] KOSPI Falls Below 7,000 as Foreign and Institutional Investors Continue Net Selling...Kumho Tire Credit Rating Upgraded
Domestic Market Trends and Key Indicators
The KOSPI index recorded its highest point at 7,051.64 on September 9, 2026, before gradually falling to close at 6,909.91 on September 11. The recent 20-day trend of KOSPI closing prices can be seen in the chart below.
The KOSDAQ index also fell from 836.92 on September 10 to 820.64 on September 11, undergoing a correction.
Investor Net Purchase Trends
Investment patterns among investors in the KOSPI market have been quite divergent over the past 10 days. As of September 11, 2026, individual investors net purchased approximately 1 trillion 867.5 billion won in the KOSPI market, while foreign investors net sold approximately 2 trillion 298.4 billion won and institutional investors net sold approximately 1 trillion 218.4 billion won. The net purchase trends by investor type are shown in the chart below.
In the KOSDAQ market, as of September 11, individual investors recorded net purchases of approximately 512 billion won, while foreign investors (-312.3 billion won) and institutional investors (-215.9 billion won) showed combined selling trends.
Corporate Credit Rating Changes
As of September 11, 2026, there were some changes in the credit ratings of major domestic companies and institutions.
Kumho Tire Co., Ltd.: NICE Credit Rating upgraded the senior rating from A to A+ (Stable).
Other Ratings Maintained: Korea Rating assigned existing credit ratings with a Stable outlook to KB Financial Group (AAA), Nonghyun Financial Group (AAA), Korea Resources Corporation (AAA), JB Financial Group (AA+), Incheon Metropolitan City Development Corporation (AA+), Acron Capital (A), and Meritz Financial Group (A+).
Key Market News
Next Year's Corporate Tax Revenue Expected to Exceed Income Tax: Due to effects such as the "Sam-jeon-niks" phenomenon, it is forecast that next year's corporate tax revenue will exceed income tax revenue for the first time in 15 years.
Bank Overdraft Balances Increasing: Bank overdraft balances are increasing, approaching 700 trillion won, raising concerns about blind spots in debt management.
Seoul Land Transaction Permit Applications Decline: Last August, the number of new applications for land transaction permits for Seoul apartments reached only 3,012, recording the lowest level since October last year.
Data Sources and Limitations Notice
Sources: Korea Exchange (KRX), NICE Credit Rating, Korea Rating public information, and media reports such as Yonhap News.
Data Limitations: This briefing is based on data snapshots collected on September 14, 2026. The provided data may have minor discrepancies from actual trading information due to delays or revisions from exchanges and rating agencies. This information is for reference purposes only and does not contain any investment recommendations or solicitations. The final responsibility for investment decisions rests with the investor.