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

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"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 at large family-owned conglomerates that have an outsized influence over the country's economy.by 2.3 percentage points since Dec. 3 when President Yoon Seok Yeol imposed and then revoked martial law within hours.

"The distractions of ousting Yoon amid fragile government and fragmented politics is likely to dilute and delay policy efforts to boost equity valuations," Varathan said, adding that power balance in South Korea could shift in favor of large and influential conglomerates, which could entrench the"Korea discount" even more.

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Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Stock market today: Asian shares slide, with Korean benchmark down 2.5%, after Wall St hits recordsShares are mostly lower in Asia, with South Korea's benchmark down 2.3%, after U.S. stocks rose to records on Friday. South Korea's political situation remained volatile as local media reported that the police were considering imposing an overseas travel ban on President Yoon Suk Yeol.
Bron: AP - 🏆 728. / 51 Lees verder »

Stock market today: Asian shares slide, with Korean benchmark down 2.5%, after Wall St hits recordsShares are mostly lower in Asia, with South Korea's benchmark down 2.3%, after U.S. stocks rose to records on Friday.
Bron: ksatnews - 🏆 442. / 53 Lees verder »