South Korean ETF-What Is It Holding?
December 31st at 1:26am by Tom Lydon
With Samsung (21%) as the biggest holding in the iShares MSCI South Korea Index (EWY) exchange traded fund (ETF), shareholders will be amazed to know that not only is Samsung one of the biggest employers, they could win the humanitarian award this year, too!
The update from Reuters reports the South Korean government is handing out gifts to office workers who promise not to visit brothels this holiday season. The Ministry of Gender Equality is offering to pay companies whose employees pledge not to buy sex after alcohol-soaked holiday parties. Prizes include movie tickets and a cash prize for the company that enlists the most employees, 1 million won ($1,077). Locals are bewildered by the plan and believe it’s a waste of money.
