Korea no longer fits emerging-market multiples: Nomura
South Korea's stock market should no longer trade at valuations closer to emerging markets, as record profitability, stronger shareholder returns and AI-led semiconductor earnings strengthen the case for a broader rerating, Nomura analysts said Friday. Cindy Park, head of Korea equity research at Nomura, said at the brokerage's Korea Equities Economy Media Briefing in Seoul that the Kospi remains deeply discounted despite its sharp rally and improving earnings outlook. Korea is now trading at
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