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South Korea will not wither on deteriorating inter-Korean ties

Amidst the battle-ready stance of North Korean leaders and generally nervous financial markets, portfolio managers in South Korea tactically lowered their portfolio risk and were targeting undervalued stocks, said Shinhan BNP Paribas Asset Management, a partner of BNP Paribas in South Korea, on a note to investors. It believes economic growth this year derived from increased corporate investment and higher…

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