Strategist: The impact of South Korean political events may spread to peripheral markets

On December 3rd, Jinshi Data reported that Gareth Leather, a strategist at Capital Economics, commented on the sudden political events in South Korea, stating, "This is quite unexpected, and it is still unclear what the purpose of the martial law is. This serves as a reminder that South Korea's political system is not as stable as many people imagine." Although the domestic market in South Korea has not yet reacted, in the coming days, major South Korean stocks such as Samsung Electronics, SK Hynix, LG Energy Solution, Hyundai Motor, and Kia are sure to attract attention. The potential disruption could spread beyond South Korea. The country's electronics companies are major players in the global battery industry. According to data from EV-volumes.com, LG and SK Innovation are the third and fifth largest electric vehicle battery manufacturers in the world, with market shares of 16% and 6% respectively last year