South Korean stocks rose today after the historic election of the first female president, Park Geun-hye. Park is the 60-year old daughter of a former dictator and a member of the conservative party. She replaces outgoing President Lee Myung-bak.
Foreign Policy Magazine (FP) recently outlined some emerging markets that have outperformed investor mainstays like China and India.
As a result of outperformance from the country’s conglomerates, the South Korean economy (EWY, quote) has performed strongly in spite of turmoil in global financial markets. As the country’s presidential election nears, the increased focus on struggling small businesses could be bullish for the long-term prospects of the South Korean economy.
This week’s landmark decision against Korean conglomerate Samsung (SSNLF, quote) in its patent litigation suit with Apple (AAPL, quote) has resulted in a number of articles debating over what the San Jose court’s decision means for the smartphone landscape. However, this also provides observers an opportunity to examine the nature of the chaebol-dominated Korean economy (EWY, quote) and what potential pitfalls may impede the country’s progress going forward.