Kospi rally is real, but Korea's rerating has only begun: Shinyoung strategist

The Kospi's historic rally may have changed the way investors talk about the Korea Discount, but it has not erased the deeper valuation gap that still weighs on Korean equities, according to Kim Hak-kyun, head of research at Shinyoung Securities. "(The) Korea Discount has been fully resolved if you are talking about whether stock prices failed to rise," Kim said in an interview with The Korea Herald in Yeouido, Seoul, on Monday. "But if the term refers more precisely to how undervalued Korean co

By The Korea Herald