, Columnist
Forget K-Pop, the Kospi Is South Korea’s Latest Hit
Putting an end to the “Korea Discount.”
Photographer: Jung Yeon-Je/AFP/Getty Images
KPop Demon Hunters wasn’t the only surprise summer smash set in Seoul. Since April’s so-called Liberation Day announcement, the South Korean stock market has been killing it. Whether that continues will depend on how much follow through there is to President Lee Jae Myung’s drive to improve corporate governance and end the dreaded “Korea Discount.”
To be sure, those efforts aren’t the sole reason why the Kospi is currently the best performer among major global equity indexes. Lee’s June election in itself marked the end of months of political uncertainty after his predecessor was removed from office following a short-lived martial law attempt.