Shiller's CAPE Ratio Applied To South Korean Stocks

South Korean stocks have been trading mostly sideways in recent months, seemingly looking for a trigger, as per the long-term chart of the country’s KOSPI 200 Index (INDEXKRX:KOSPI200) below. Lately, a pattern of higher bottoms appears to be signaling the emergence of buying interest at market lows. South Korean president Park Geun-hye is looking to restructure the country’s economy and reduce its reliance on exports, deregulate the financial markets and provide a boost to small and medium industries. She plans to unfetter service-oriented industry and help small business play a greater role in the economy through higher job creation. Global investors…