The only way is up

Koreans have finally got bullish about their equity market

It is one of those moments when you nearly drop your coffee cup. The moment takes place in the Yoido offices of Daewoo Securities. Kim Hee Joo, who is in charge of marketing equity instalment funds to the nation's other Mr and Mrs Kims, offers his own personal forecast on the Kospi. In my personal view, the Kospi could rise to between 4,000-5,000 within the next three years, he says.

Could this be the most bullish man in Seoul At the time of writing, the Kospi was trading just below the 1,200 mark - having broken through 1,000 for only the fourth time ever. However, it had also recently traded through...

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