tobiasjo/E+ via Getty Images
Summary
- South Korea’s economy is recovering after a slowdown caused by a decline in tech exports.
- The country’s equities market is showing signs of improvement.
- The bounce back in the economy is a positive sign for South Korea’s overall economic health.
Overview
South Korea’s economy has begun to bounce back, following relatively slower growth in H1 2023. This transition could bode well for banks in South Korea. Banks remain a safe play based on relative value, as major banks in South Korea are trading well below book value.
READ FULL ARTICLE HERE!
