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Pieter Stalenhoef came to know about the headwinds faced by South Korea through an article published in a popular business magazine. The column stated how the companies under Kospi index, a benchmark that spans across global industries including but not limited to cars, smartphones, cosmetics, semiconductors, and entertainment, have seen an average share price decline of more than one third ever since the index turned negative. If Pieter Stalenhoef is to be believed, one of the most significant issues that have been affecting the economic situation in Korea is that its export-driven economy is being pushed down because of the escalation of the US-China trade war, particularly hitting the exports of semiconductors. He also highlights how the overall exports to China have reduced by 16 percent.
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Pieter Stalenhoef Shares His Views About the Headwinds Facing South Korea Pieter Stalenhoef came to know about the headwinds faced by South Korea through an article published in a popular business magazine. The column stated how the companies under Kospi index, a benchmark that spans across global industries including but not limited to cars, smartphones, cosmetics, semiconductors, and entertainment, have seen an average share price decline of more than one third ever since the index turned negative. If Pieter Stalenhoef is to be believed, one of the most significant issues that have been affecting the economic situation in Korea is that its export-driven economy is being pushed down because of the escalation of the US-China trade war, particularly hitting the exports of
semiconductors. He also highlights how the overall exports to China have reduced by 16 percent. In addition to that, there are several other unofficial barriers such as China making an informal ban of television appearances and group tour packages by Korean celebrities. Pieter Stalenhoef, however, believes that there are various bright spots in the South Korean market too which include improved transparency provided by a newly implemented external audit law. Another good news happens to be that the president Moon Jae-in has also been pursuing more active fiscal properties which are helping increase national debt. A popular face in the financial industry, Pieter Stalenhoef is a financial investment analyst based in Boston who is currently working for a long-standing firm in the role of an equity analyst. In this position,
Pieter is required to work on several top-rated funds. He has years of experience working in this industry and can be relied upon for keeping a close watch on the market developments worldwide. Pieter completed his master’s degree in investment management from Boston University and started his professional career with Fidelity Investment. When not at work, Pieter enjoys writing and cooking.