At just 9X 2012 earnings, Korea's stock market is among the cheapest on the planet, writes Kopin Tan, blaming it on outdated perceptions of a highly cyclical, export-dependent country. Korean companies have slashed debt, and an aging population might force Asia's stingiest firms to loosen up on dividends. EWY is the popular play, but it's heavily weighted to Samsung. More diversified (but less liquid) is FKO].
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