Korean Investors Trust Samsung Despite Plunging Stock Price
Samsung is the preferred brand for Korean investors Samsung is the preferred brand for Korean investors Samsung’s share price is down over 32 percent since peaking at the end of last year. It closed on Wednesday at KRW 55,300 (roughly $39) on the Korea Exchange. The price reached KRW 80,500 (~$57) on December 24, 2021. This downward trajectory means analysts continuously revise (read: lower) their price target for Samsung’s stock. According to The Investor, NH Investment & Securities analyst Do Hyun-woo has lowered the price target from KRW 75,000 (~$53) to KRW 70,000 (~$50)....