Smoother ride for Korean stocks?

December 08, 2000 12:00 AM

Poor prevailing conditions in the Korean domestic stock market this year has proved a hammer blow for primary issuance. The stock market has been the worst regional performer — down a dizzying 45% since January. Negative news on DRAM semiconductor prices, stalled restructuring efforts and high oil prices have conspired to kill off investor faith in the market. For a return of confidence in the Korean market to happen, more than just positive external factors are required. Richard Morrow reports.

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