South Korean markets have struggled in 2024, with the “Korea discount” widening as the Kospi index has dropped over 7% this year. The country’s “Corporate Value-Up” program aimed at addressing this issue has not been successful, with concerns over corporate governance at family-owned conglomerates contributing to lower valuations. Political turmoil under President Yoon Suk Yeol has further impacted investor sentiment, leading to a setback for the program and leaving South Korea’s stock market lagging behind its regional peers like Japan.
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Zambia’s presidential feud that even death couldn’t end
The death of former Zambian President Edgar Lungu has intensified political tensions between him and current President Hakainde Hichilema, with Lungu's family expressing a wish for Hichilema to stay away from the funeral. This animosity, stemming from a bitter rivalry and past grievances, has led to divisions in the country and questions about national unity during a time of mourning. Need More Context? 🔎
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