Korea discount fight now in companies’ hands: Morgan Stanley

The next phase of South Korea's market rerating will depend on whether companies improve governance, capital allocation and returns on equity, according to Morgan Stanley's Korea Chief Strategist Joon Seok. "Rather than (government) policy, we believe the ball is in the corporate sectors' and stakeholders' court," Seok said in a written interview with The Korea Herald. Morgan Stanley's assessment of Korea's reform drive has shifted markedly from April last year, when it viewed the country as sti

Source: The Korea Herald