It is no secret that South Korea’s stock market is underpriced. The world is in the middle of a big equity sell-off, but foreign and Korean investors have fled the Korean stock market more rapidly than other countries. 

The total value of all shares traded on the Korea Exchange is lower relative to total earnings (profits) and book value (total assets) than most other countries in the Organization for Economic Cooperation and Development (OECD) and most other emerging markets.