What a New President Might Mean for Korea's Investors
- New president to be elected after ouster of Park in March
- Aberdeen sees value in record-high stocks amid ‘discount’
S. Korea's Moon Leads Presidential Vote: Exit Poll
As South Koreans head to the polls to choose a new president, investors are looking forward to the leadership vacuum being filled as concerns over geopolitics and corporate reform linger.
The victor -- who will ascend to the top job two months after President Park Geun-hye was ousted amid a corruption probe -- inherits a divergent asset landscape, with South Korean stocks at a record while trading in the currency, bonds and credit risk suggests traders are exercising some caution. Tensions between the U.S. and North Korea remain high and issues with South Korea’s chaebols system are deep-rooted, which has analysts and investors predicting a muted market reaction to the vote results, due early Wednesday in Seoul.