Hunting For Bargain Stocks, Special Situations In Low Risk South Korea

By Jon Clements Chan Lee and Albert Yong, who run South Korea-focused, value oriented Petra Capital Management, have negotiated the stagnation in the Korean stock markets with a simple strategy – finding mis-priced value. Since inception five years ago, Petra has generated net annualized returns of 20.0% compared to just 4.6% for Korea’s Kospi index. Nevertheless, in a recent article in Value Investor Insight, which calls them “bargain-hunting country experts,” Lee and Yong stress the attractiveness of the broad South Korean equity market. South Korea: Macro attractiveness “Many countries in the world are lately experiencing bull markets, but history indicates that…