Korean Stock & Equity Research

Market Structure/Institutional Behavior

Most pension funds around the world deliberately avoid overweighting their own country's stock market — Norway's sovereign wealth fund holds none of its domestic equities at all, and Canada's CPP caps domestic exposure around 12%. Korea's National Pension Service has historically followed the same logic, steadily cutting its domestic equity target every year since 2020. Then, in the middle of 20..

Market Structure/Institutional Behavior

Korea's KOSPI has posted a notably strong nominal return this year, yet foreign institutional investors have been steady net sellers. The explanation isn't really about direction — it's about two risk metrics almost every large institution is quietly bound by: Value at Risk (VaR) and the Sharpe ratio. Understanding how these work explains a pattern that pure price-return analysis misses entirely..

Market Structure/Institutional Behavior

South Korea's stock market tripped its circuit breaker nine times between January and July 2026 — more activations in seven months than the country saw across entire decades in the past. But the real story isn't the drops themselves. It's who used to show up to buy, and stopped. Table of ContentsWhat Is a Circuit Breaker, and Why Does Korea Have One?From Black Monday to Korea's 15 Circuit Breake..