Why I like Korean equities

The Korean equity market is cheap and set to rise dramatically says a leading fund manager who specializes in Korea.

Today, the Korean stock market is trading at a PE below 9 times, at the low end of its historical trading band. It is the cheapest market in Asia and the cheapest significant emerging market. By contrast, Hong Kong trades at a PE near 15 times.

Korea is growing much faster and its economy is far more diversified than Hong Kong's. Another plus is that Korea is an independent nation, and not a colony ringed by...

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