KOSPI breaks 2,800 for first time in 10 months

South Korea's benchmark KOSPI has climbed above the 2-thousand-800 mark on Thursday for the first time since July last year.

At the market's close at 3:30 PM, the KOSPI ended just above 2-thousand-812, about 1-point-5 percent higher than Wednesday's close.

Notably, foreign investors are continuing to buy Korean stocks, accelerating the index's growth.

Since early April's year-low, the market has entered a technical bull phase by rising over 20 percent.

Strong upward momentum was experienced due to the easing of both domestic and global uncertainties, and expectations surrounding the new administration's economic policies.