The low energy prices and cheap financing have also supported investor sentiment and positive outlook for earnings growth ahead. South Korea is a net energy importer, implying that it is one of the emerging markets that should be benefiting from low energy prices.

Investors betting that the Bank of Korea’s efforts to weaken the won while propping up South Korean stocks can considered currency hedged ETFS, including the Deutsche X-trackers MSCI South Korea Hedged Equity ETF (NYSEArca: DBKO) and the WisdomTree Korea Hedged Equity Fund (NasdaqGM: DXKW).

iShares MSCI South Korea Capped ETF