Korean firms are “notorious for their insensitivity towards shareholder value”, says Song Jung-a in the Financial Times. But in one key area, that could be about to change – which is why foreign investors have been piling in, sending the benchmark Kospi index to a three-year high last week.
South Korea, whose exports account for 50% of GDP, is a good way to bet on global growth, which has gradually picked up this year. But the latest surge is down to hopes for a dividend payout windfall.
The government is trying to push through changes to the tax [...]