BUY Samsung at market 866.50

Today South Korea’s Constitutional Court removed President Park Geun-hye from office over a graft scandal involving the country’s conglomerates. Park becomes South Korea’s first democratically elected leader to be forced from office, capping months of paralysis and turmoil over a corruption scandal that also landed the head of the Samsung conglomerate in jail. (Reuturs source)

So why buy Samsung?

The prospect of a new president in the first half of this year instead of prolonged uncertainty will buoy domestic demand as well as the markets” said Trinh Nguyen, senior economist at Natixis in Hong Kong.

The hope is that this will allow the country to have a new leader that can address long-standing challenges such as labor market reforms and escalated geopolitical tension” he said.

So a new brush for South Korea to sweep away uncertainty and corruption. This can only help the markets and South Korea’s biggest company – we recommend BUYING Samsung.

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