(Bloomberg) -- South Korea's stocks rose for a third
day after North Korean leader Kim Jong Il signaled in a news
report that the Communist state is ready to dismantle its nuclear
program. Samsung Electronics Co. and Kookmin Bank gained.
``The direct beneficiary will be the Korean market, as
foreign investors may turn more positive,'' said Jo Dong Hyuk,
who oversees $1.9 billion in global equities at Korea Investment
Trust Management Co. in Seoul. ``The geopolitical risk was the
biggest reason for the `Korea Discount.'''
Read more at Bloomberg Stocks News
day after North Korean leader Kim Jong Il signaled in a news
report that the Communist state is ready to dismantle its nuclear
program. Samsung Electronics Co. and Kookmin Bank gained.
``The direct beneficiary will be the Korean market, as
foreign investors may turn more positive,'' said Jo Dong Hyuk,
who oversees $1.9 billion in global equities at Korea Investment
Trust Management Co. in Seoul. ``The geopolitical risk was the
biggest reason for the `Korea Discount.'''
Read more at Bloomberg Stocks News
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