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Korea Macro Weekly
Can’t Relax on Inflation Yet
Our View on the Korean Economy This Week:
Inflation data are showing a benign picture. CPI YoY
growth eased to one-year low and PPI to 17-month low.
Nevertheless, we should not relax: (1) Inflation
expectations are still quite high. The latest consumer
survey shows that inflation expectations stood at 4.1% in
January, up from 3.7% a year ago.
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S. Korea Strategy
Correction: Bargain
Opportunities – Holding
Companies, Pref Shares…
The sharp rally in the equity market this year has
generated some inefficiency that is building. In this
report, we identify opportunities to exploit these
inconsistencies and highlight holding companies’
NAV discounts, preferred shares’ discounts and
opportunities around share price dispersion.