Why Korea remains Metrica's largest exposure

Despite the widespread perception of many Korea stocks as “value traps”, Metrica is excited about opportunities in this market for five reasons.

First, while the market has all but ignored the corporate reform theme over the last few months, the drumbeat of policy debate and regulatory implementation continues in the background. We can group the major initiatives into three categories according to progress: ... more

Metrica: "Measures against duplicate exchange listings, 'ban on new listings' insufficient"

Seoul is moving forward with the in-principle ban on new parent-subsidiary listings (otherwise known as “duplicate listings”). However, the “Korea Discount” can never be resolved until existing parent-subsidiary listings, which make up 18% of the market, are also dealt with. ... more

The new gold standard

Several positive developments in the corporate reform space occurred in January: ... more