South Korea's Kospi index hit a record high Thursday, after the International Monetary Fund raised the country's 2025 growth forecast to 0.9% from 0.8% in its October outlook report .

The IMF also raised its growth projection for the global economy, saying the impact of U.S. tariffs was "at the modest end of the range."

It cited several reasons for upgrading the forecast, including the agility of the private sector, which front-loaded imports in the first half of the year and quickly reorganized supply chains to redirect trade flows; trade deals between the U.S. and other countries; and the overall restraint from much of the world, which largely kept the global trading system open.

South Korean stocks also received a boost after U.S. Treasury Secretary Scott Bessent told CNBC in

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