Korean Firms Rank No. 2 in Expected Net Profit as KOSPI Cools

The KOSPI has entered a pause after profit-taking emerged following its short-term rally toward the so-called ‘8,000 KOSPI’ milestone. Still, the financial investment industry is focusing on Korean companies’ expected net profit, which is assessed as the second highest in the world after the United States, and on their standout pace of earnings growth. The original report also noted that market capitalization remains small relative to profits. This is cited as a basis for viewing the KOSPI’s upward trend despite the near-term adjustment. Source: mk.co.kr