Korea Is The Cheapest Market In The OECD – How That Gap Can Be Closed

Korea’s bellwether Kospi index recently hit an all-time high. Yet Korea is considered to be among the cheapest markets anywhere in the world among OCED countries, and possibly the cheapest in Asia. But all that might be about to change, according to CLSA. [timeless] How will the valuation gap close? The Hong Kong-based investment bank, upbeat about the recent political changes, has set a target of 4000 for the Kospi by 2022, reflecting annual shareholder returns of 15%. “We’ve had the first presidential impeachment, the arrest of the country’s biggest chaebol heir and the arrest of the head of the…