Category: General|Jan 7, 2021 | Author: Admin

This country is completely taking off

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South Korea's stock market ended at a record high in 2020 and the real economic indicators are very optimistic for 2021 - especially for the flagship technology sector.

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Sitting down can mean the technology boom
Technology companies such as Samsung, SK Hynix, and LG had 2020 increased demand for mobile phones, TVs, and other electronics: The reason is that people have spent more time at home due to global coronary restrictions

The investment bank JPMorgan Chase forecasts the index up another 15 percent in 2021. The index is traded on prudent PE 14. This is a significant discount compared to, for example, the American S&P, which has a PE of approx. 26.
Foreign investors are flocking to South Korea, where the stock market in 2020 marked itself as one of the strongest in the world. The country's benchmark index Kospi Composite was up 26 percent in 2020 - and up as much as 90 percent since the corona dump in March.

Can increase most of all by almost 3 percent
Global funds have invested five billion in South Korea since November 2020 alone. The rally is characterized by a desire to invest in semiconductor companies. The strongest growth has been in so-called blue-chip shares. The OECD expects that South Korea this year will have the highest growth in the entire OECD with 2.8 percent.

The country's exports of semiconductors and mobile devices rose 52 percent and 60 percent, respectively, in December. The brokerages predict strong growth in the memory chip market in 2021.

With a stock market that is almost fifty percent discounted compared to the US, it could be exciting to follow developments in South Korea if the earth continues to revolve around the sun.

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