The annual Asia-Pacific Economic Cooperation Forum has given South Korea a chance to show off a little. It has become the third-largest economy in
Asia after Japan and China, and enjoying gross domestic product growth of 4.4%.
Some feel the bloom may be off the rose, but you can’t argue with the recent progress. "The top four companies make up 40% of the iShares MSCI South Korea Index
(EWY) exchange traded fund, which is up 40% so far this year. Samsung alone
accounts for 23% of this ETF and buying the iShares gives you more
exposure to the top ten South Korean companies."
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.