Korea needs ‘Korea rally,’ not memory rally: J.P. Morgan

J.P. Morgan Asset Management says Korea must turn its semiconductor-led surge into a broader “Korea rally” to attract foreign capital that stays beyond the memory cycle. “A trigger for more durable inflows would be evidence of broader earnings growth across non-memory tech, industrials, financials and consumer. In other words, a ‘Korea rally’ rather than a ‘memory rally,’ along with a wider uplift in turnover,” Alexander Treves, managing director at J.P. Morgan Asset Management and head of inves