Korea Economic Upswing and Earnings Outlook

Deputy Chief Economist

Sharmila Whelan

Independent and original Asian investment research

Aletheia Capital

Aletheia Capital (HK) Ltd. (previously known as Asianomics) combines the extensive knowledge of its experienced team with technology and regulatory changes to disrupt Global Markets business in Asia. The firm is completely independent with no conflicts of interest either on Investment Banking advisory or Capital Markets execution.

Macroeconomics

Korea Stock Exchange Kospi Index (KOSPI INDEX)

<p>In a series of Insights, we have argued that despite political uncertainty, <a href="https://www.smartkarma.com/insights/korea-ahead-of-consensus" target="_blank">Korea is ahead of consensus</a>. The export cycle is strong and resilient. The outlook for corporate earnings growth is improving, and <a href="https://www.smartkarma.com/insights/korea-economic-upswing-and-earnings-outlook" target="_blank">Korea’s Economic Upswing</a> is broadening as corporates step up investment spending. Meanwhile, consumption spending remains well supported. Wages are growing and returns on savings remain positive. Our advice to investors – look beyond the current North Korea crisis.</p>

In a series of Insights, we have argued that despite political uncertainty, Korea is ahead of consensus. The export cycle is strong and resilient. The outlook for corporate earnings growth is improving, and Korea’s Economic Upswing is broadening as corporates step up investment spending. Meanwhile, consumption spending remains well supported. Wages are growing and returns on savings remain positive. Our advice to investors – look beyond the current North Korea crisis.

Korea: Look Beyond Political Uncertainty