Mobius Casts Aside North Korea Risks to Cheer Moon's Victory
- South’s new president will accelerate chaebol reform, he says
- Templeton’s small-cap funds are weighted toward South Korea
Mark Mobius.
Photographer: Justin Chin/BloombergThis article is for subscribers only.
Count emerging-market maven Mark Mobius as having learned to stop worrying about North Korean bombs, and love chaebol reform.
That’s his take on South Korean stocks, after Moon Jae-in swept into office as the country’s president this week on a platform of overhauling a conglomerate-dominated economy and improving ties with the Communist dictatorship to the north. Even if relations with nuclear-armed North Korea don’t improve, he won’t be losing any sleep.