FLKR - FLKR: Keeping The Faith In Korea's Value Unlocking Story
2024-04-30 14:37:33 ET
Summary
- Korea’s ‘value-up’ efforts may have suffered an election setback.
- But there’s still plenty of room for this value unlocking story to unfold over time.
- Ultra-low-cost FLKR remains a great vehicle for exposure.
South Korea’s parliamentary election is done and dusted; for President Yoon Suk-Yeol’s incumbent government, the outcome was less than favorable , as his ruling ‘People Power Party’ lost out to the opposition Minjoo Party by a bigger margin than expected. At first blush, this result isn’t ideal, as it limits the government’s ability to push through more contentious policy proposals, particularly on the fiscal front. Markets similarly took a dim view of this legislative split, as evidenced by the post-election drawdown in Korean stocks....
FLKR: Keeping The Faith In Korea's Value Unlocking Story