Barings talks up Korea economic prospects

clock

Demand for construction and ship building will propel Korea through a period of economic growth, according to Barings.

The asset management group is bullish on Korean prospects, saying it should be looked at in the same way as the BRIC countries – Brazil, Russia, India and China. Barings says although Korean economic growth slowed between 2003 and 2005, the economy has now turned a corner. It also noted tensions between North Korea and South Korea were easing, with trade between the two expected to top $1.7bn in 2007. Baring Korea trust manager Hyung Jin Lee says the country is “making just what the world needs”. "As the largest shipbuilder in the world, Korea has seen a surge in orders from the Middle ...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Investment

Image: The latest market news and analysis

Market Movers: UK producer price inflation falls as inflation eases

Producer price inflation fell to its lowest rate since March last month

Investment Week
clock 26 January 2023 • 1 min read
2023 looks to be a defining point for the industry

Asset managers prepare for staff reductions in challenging 2023

Compressed growth predicted with streamlined product offerings

Kathleen Gallagher
clock 25 January 2023 • 6 min read
Meet the panel for Sustainable Investment

Meet the expert panel sharing their perspectives on Sustainable-Investment.com

Connecting the sustainable investment community

clock 24 January 2023 • 3 min read