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After Japan’s comeback, South Korea is hoping for its own stock market boom

Posted on AllSides May 22nd, 2024
From The Left

Seoul is undertaking reforms to counter the so-called ‘Korea discount’ dragging down the valuations of its firms. Seoul, South Korea – Kim Gyeong-eob used to be a regular at bars and clubs in Hongdae, a popular university district and nightlife hotspot, drinking and enjoying live music with friends. Then, in early 2020, COVID-19 brought Seoul’s raucous nightlife to an abrupt halt. Suddenly, Kim, an IT engineer, was saving more money each month than he knew what to do with. “I couldn’t use my money for drinks, and I thought ‘hmm...

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