Mixo Das, head of Korea equity strategy at JPMorgan, stated on Monday that Korea's benchmark stock index is anticipated to reach approximately 4,000 points or potentially higher over the next 12 months.

The analyst outlined three key factors supporting this projection, including a global coordinated monetary easing cycle that originated in the United States.

"At a global level, we are currently very bullish on risk assets," Das commented during a session at the Korea Capital Market Conference. The two-day event commenced earlier today in Seoul.

"Therefore, we expect investors to chase higher-risk assets and equities, which could become a global phenomenon," he added.

The JPMorgan analyst also cited Korea's competitive advantages in cutting-edge technology sectors such as defense, shipbuilding, and high bandwidth memory (HBM) used in artificial intelligence data centers as reasons for optimism.

He noted that these industries are unlikely to lose market share globally and emphasized that most of them are national security-sensitive sectors protected by government policies.

However, Das believes that to further boost investor confidence, Korean corporations should enhance returns to shareholders, and policy initiatives such as corporate law reforms being advanced by the government should progress in a positive direction.

"Therefore, from many investors' perspectives, this is a time when they need to wait and observe how these regulations or regulatory frameworks are implemented," he stated.