Deutsche Bank explores how Korea is transforming its massive industrial success into global financial power. They argue that while the country dominates global supply chains, its domestic currency remains virtually unused abroad. This piece controversially suggests that massive government structural reforms could finally unlock trapped wealth and trigger a historic asset repricing.
Korea: From Industrialization to Internationalization
Deutsche Bank
Research
13 Pages
Key Takeaways
Massive valuation paradox: Despite generating roughly 2% of global economic output, domestic assets trade at severe discounts.
Unmatched manufacturing scale: The country boasts a manufacturing production share nearly double that of advanced western economies.
Currency usability expansion: Policymakers are launching offshore settlement networks to transition the regulated currency toward full global convertibility.
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