South Korea’s “Korea Discount”: Addressing the Governance Gap to Boost Market Value
As world investors wait for significant changes that might solve long-standing problems of governance and responsibility in South Korea’s companies, the country’s corporate scene is under great scrutiny. President Yoon Suk Yeol has promised to address what is sometimes known as the “Korea discount,” a phenomenon whereby South Korean businesses are routinely discounted relative to their international counterparts. Although this …