🇰🇷 Korea / Hankyung – “美 증시 고평가…韓 밸류업에 주목” – 2025-07-17 – ⚠️⚠️⚠️⚠️⚠️Reported by: 양지윤 (Yang Ji-yoon)
During a press briefing on July 17 at the FKI Tower in Seoul, Joshua Crabb, Head of Asia-Pacific Equities at Robeco Asset Management, stated that the U.S. stock market remains overvalued despite recent rebounds. He believes that investment opportunities have shifted toward Asian markets, particularly South Korea, marking what he sees as a once-in-a-decade entry point.
Crabb noted that global investor allocations to U.S. equities have doubled over the past decade, from 9% to 18%, creating a crowded trade. He emphasized that Asian markets—though historically underappreciated—have delivered solid returns and now stand to benefit from capital rotation away from the U.S.
Specifically, Crabb praised Korea’s "Value-Up" initiative to boost corporate value and shareholder returns, drawing parallels to Japan’s market reforms. He expressed optimism about the KOSPI potentially reaching 5,000 points and highlighted growth potential in power grids, nuclear energy, defense, and shipbuilding sectors.
🧭 Integrity Evaluation under the Five Laws:
✅ Law 1 – Truthfulness of Information:
The article accurately reports statements made by an identifiable investment executive during a verifiable event (press conference), and reflects real economic sentiments.
⚠️ Law 2 – Source Referencing:
While the speaker and setting are identified, there are no transcripts, slides, or links to the full event or supporting data for his claims.
⚠️ Law 3 – Reliability & Accuracy:
The article conveys subjective forecasts and opinions rather than empirical data. No quantitative support is offered for assertions like “Asia is underappreciated” or “KOSPI 5000.”
⚠️ Law 4 – Contextual Judgment:
Crabb’s optimism is presented uncritically. The article omits discussion of Korea-specific structural risks, such as demographic decline, export dependency, or volatility in emerging markets.
⚠️ Law 5 – Inference Traceability:
Causal logic (e.g., capital outflows from the U.S. leading to inflows in Korea) is implied but lacks macroeconomic or fund flow data to support the linkages.
