Tag Archives: South Korea

Investing in South Korea for Canadian investors showing Korea's low forward P/E, Samsung and SK hynix concentration, memory cycle and ETF options

Investing in South Korea: Is the Korea Discount Still Real?

South Korea looks like one of the cheapest major stock markets in the world.

MSCI Korea traded at about 4.95 times forward earnings on September 30, 2026. At the end of August, MSCI Japan was at 16.38 times, MSCI Emerging Markets at 10.07 times, and the broad global MSCI ACWI IMI at 16.76 times. On that number, Korea is priced at roughly half the emerging-market multiple and less than a third of Japan’s.

That looks absurdly cheap.

But the same MSCI data show Korea at 2.29 times book value. Japan was at 2.03 times at the end of August, and emerging markets at 2.40 times. At the end of 2023, according to Robeco’s analysis of Bloomberg data, MSCI Korea traded at about 1.1 times book.

So the Korea discount did not simply vanish, and it did not simply persist. The thing I’m measuring changed.

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Living in South Korea as a Canadian with Seoul skyline, traditional Korean architecture and a Canadian passport

Living in South Korea as a Canadian: Is It Actually a Good Expat Destination?

South Korea is one of the most technologically advanced, safest, most convenient, and clinically capable countries a Canadian could reasonably consider living in. Its trains run on time to the minute. Its broadband is faster than almost anything in North America. Its hospitals are excellent. Its cities feel orderly, humane, and extraordinarily easy to move through. And Canadians can walk into the country for up to six months without a visa at all.

That last part sounds almost absurdly easy. It is easy. But the question this article actually asks is a different one: does a country being exceptionally good at running itself mean it is exceptionally good at absorbing you into it? Those are not the same question, and the gap between them is where most expat regret lives.

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