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North Korean leader Kim Jong-un.
North Korean leader Kim Jong-un.
(David Guttenfelder/AP)

Financial Times

South Korean shares a bargain with Kim discount

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Politicians must look resolute in the face of nuclear threats but investors tend to have few qualms about making a run for it. South Korea’s Kospi index is the worst performer in Asia this year and slipped this month as Kim Jong-un piled on the bellicose rhetoric. The weakness leaves the Kospi as one of the few seemingly cheap investment destinations in Asia. If Seoul can appear steadfast with the threat across its border, should investors stand firm too?