Investment banks have issued optimistic forecasts for South Korean markets while SoftBank announced a new business venture targeting artificial intelligence infrastructure needs.

JPMorgan raised its bull case target for South Korea's Kospi stock index to 10,000, citing strength in the memory chip sector. Goldman Sachs analysts described current conditions as a "perfect positive storm" driving South Korean memory stocks and the broader market higher.

The positive outlook for South Korean equities comes as memory chip manufacturers benefit from increased demand driven by artificial intelligence applications and data center expansion. Memory chips are essential components for AI computing systems and data storage infrastructure.

Separately, SoftBank announced plans to enter the large-scale battery manufacturing business in Japan, focusing on power infrastructure for AI data centers. The Japanese conglomerate's move reflects growing energy demands from artificial intelligence computing facilities, which require substantial and reliable power supplies.

The developments highlight how artificial intelligence adoption is creating investment opportunities across multiple sectors, from semiconductor manufacturing in South Korea to energy infrastructure in Japan. Both memory chips and reliable power systems are critical components for supporting the expansion of AI computing capabilities.