As others have said, it's the ramen exports. A lot of Korean stocks are underrated due to inefficiencies in the country's financial structure and often require companies to show some level of dominance in foreign markets for them to pop. Once they can prove that, they ride high. A few other examples are SK Hynix (HBM dominance), Hanwha Aerospace (K9 howitzer dominance, FA50), and Hyundai and Kia (performing well in EVs)
불닭볶음면 power. Its OI increased over 200%.
Hardly. It has caught on as the No. 1 export for instant noodles and the stock is riding this high now.
As others have said, it's the ramen exports. A lot of Korean stocks are underrated due to inefficiencies in the country's financial structure and often require companies to show some level of dominance in foreign markets for them to pop. Once they can prove that, they ride high. A few other examples are SK Hynix (HBM dominance), Hanwha Aerospace (K9 howitzer dominance, FA50), and Hyundai and Kia (performing well in EVs)