Investors were already wary of South Korean stocks. Then the country descended into chaos

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The 'Korea discount' refers to South Korean securities trading at lower valuations relative to regional peers due to investors' concerns over issues such as corporate governance.

South Korean markets have had a dismal 2024, with the so called "Korea discount" in its stock markets widening compared to other global peers.

The country's benchmark stock index, Kospi, has lost over 7% this year and the underperformance of the South Korean market signals its "Corporate Value-Up" program, South Korea under Yoon had strived to boost the country's stock markets and combat the "Korea discount" via a Japan-style

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