Korea ETFs Plummet As North/South Tensions Flare

South Korea is home to one of the world’s most unique and promising economies, thriving off of its status as a tech leader as well as proximity and strong relationships with many of Asia’s rapidly-expanding emerging markets. But constantly looming over South Korea is the unstable relationship with its neighbor to the north, one of the world’s most closed and volatile regimes in North Korea. Tensions have been running high between the two countries for much of this year, as the North expanded its uranium enrichment plan and sunk a South Korean boat earlier in the summer. For its part, South Korea held its annual military exercise despite protests from the North, who viewed this action as a preparation for an eventual invasion. It appears that since South Korea refused to stop the exercise North Korea decided to escalate the situation to a completely new level. Early Tuesday, North Korea [...] Click here to read the original article on ETFdb.com. Related Stories: Korea ETF In Freefall As North/South Tensions Escalate South Korea ETF (EWY) Sinks Along With Naval Ship IndexIQ Launches Small Cap South Korea ETF (SKOR)