No qualifying author-owned investment thesis was confirmed in this post.
The author discusses the South Korean market generally and does not express a directional investment judgment on a specific investable asset like EWY.
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Is anyone else looking at South Korean Stock? It looks wildly cheap compared to other developed countries.
The US seems quite expensive, given interest rates are about 4%-5%, you get a higher earnings yield from treasuries than most companies. I know there are some incredible ones that will likely grow.
I can also understand why European stock might be on the expensive side, as short term bonds give basically no return, so any earnings yields is better than that, even if earnings won't grow as much.
South Korean, stocks do seem to be an outlier, even after big names like Samsung and SK Hynix went on a tear.
Source: [https://atlantisdatasolutions.com/compare/market-summary](https://atlantisdatasolutions.com/compare/market-summary)
|Country|Companies|Total Market Cap|Median P/E|Avg P/E|
|:-|:-|:-|:-|:-|
|United States|2,293|$72.7T|21.5|29.6|
|United Kingdom|541|$4.9T|16.5|23.2|
|France|222|$3.0T|16.6|25.1|
|South Korea|766|$2.4T|8.4|15.5|
|Netherlands|85|$1.6T|19.2|26.0|
|Spain|62|$916.0B|15.5|21.1|
|Italy|136|$829.0B|15.8|22.0|
|Sweden|284|$671.3B|17.1|24.2|
|Denmark|101|$550.0B|20.2|28.0|
|Norway|161|$397.6B|18.7|20.2|
|Finland|120|$336.2B|18.8|27.8|
|Belgium|77|$299.5B|17.0|21.6|
|Austria|40|$189.2B|15.6|17.3|