South Korean stocks have been trading mostly sideways in recent months, seemingly looking for a trigger, as per the long-term chart of the country’s KOSPI 200 Index (INDEXKRX:KOSPI200) below.
Lately, a pattern of higher bottoms appears to be signaling the emergence of buying interest at market lows.
South Korean president Park Geun-hye is looking to restructure the country’s economy and reduce its reliance on exports, deregulate the financial markets and provide a boost to small and medium industries. She plans to unfetter service-oriented industry and help small business play a greater role in the economy through higher job creation.
Global investors have always appreciated economies that take...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full Article
