The Direxion Daily South Korea Bull 3X Shares ETF (KORU) closed up 3.93% at $4.23 on February 5th, buoyed by optimism in South Korea's tech sector and geopolitical developments. The KOSPI index rose by 1.11% to 2,509.27, driven by advancements in AI technology and relief over US tariff issues. The US decision to lift tariffs on Mexico and Canada, while maintaining those on China, was perceived as a strategic move in ongoing negotiations with Beijing, which positively impacted South Korean markets. Companies like Kakao and Naver saw gains, bolstered by partnerships and progress in AI development, enhancing investor confidence. However, the Korean economy faces challenges, with consumer prices rising 2.2% y/y in January, marking the highest rate since July last year. The political turmoil following the impeachment of former President Yoon Suk Yeol has also affected the economy, with the South Korean won depreciating significantly.