Tuesday, March 22, 2005

Is Corporate Governance to Blame?

Since the financial crisis, the term “Korea discount” has been widely used to express that stock prices of Korean companies were undervalued compared to those of their foreign counterparts. The vulnerable corporate governance of Korean firms was pointed out as the reason.

The Samsung Economic Research Institute (SERI) released a report on March 20 that strongly refuted this argument.

See full Article.