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Korea Named as a Preferred Investment Destination

The Credit Suisse named the Korean market as a preferred investment destination last week.

According to Bloomberg, Credit Suisse’s Andrew Garthwaite explained that Korea is a preferred market along with Hungary, the Czech Republic and Poland, as its stock prices and currency are underestimated, it imports raw materials and as its economy is not overheated.

However, he adjusted the investment forecast for emerging markets downward and that for European markets, with the exception of England, upward.

There is a possibility that China’s economic growth rate can drop to six percent or less, said Garthwaite. He also noted that the economic fundamentals of India, Brazil and Turkey are not strong.

The analyst also pointed out that the idle production capacity of the labor markets of emerging countries are limited compared to that of advanced countries.

He warned that caution must be taken with the cyclic raw material market and said a low yen is likely to be continued.

Source Text

Source: Yonhap News (Aug. 8, 2013)

** This article was translated from the Korean.

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