Battered Korean Banks Have A Lot Of Room To Rebound

The deflationists continue to run rampant with glee as stocks, gold and commodities in general get hammered. Is this the market giving a big “thumbs down” to quantitative easing (QE)? Have central banks started to lose the final battle in their war to reflate asset prices? Or is this just the big dump before the insiders buy at the bottom and start the next pump?

Skulls pop up on the screens of some computers — a strong indication that hackers planted a malicious code in systems Computer networks at two major South Korean banks and three top TV broadcasters went into shutdown mode en masse today, paralyzing bank machines across the country and prompting speculation of a cyberattack by North Korea.

SEOUL, South Korea — Investigators have yet to pinpoint the culprit behind a synchronized cyberattack in South Korea last week. But in Seoul, the focus remains fixed on North Korea, where South Korean security experts say Pyongyang has been training a team of computer-savvy “cyber warriors” as cyberspace becomes a fertile battleground in the standoff between the two Koreas.

SEOUL, South Korea — Computer networks at major South Korean banks and top TV broadcasters crashed en masse Wednesday, paralyzing bank machines across the country and prompting speculation of a cyberattack by North Korea. Screens went blank at 2 p.m., with reports of skulls popping up on some computer screens, the state-run Korea Information Security Agency said – a strong indication that hackers planted a malicious code in South Korean systems. Some computers came back online more than 2 1/2 hours later.

By Emerging Money:Value investing has been around for almost eighty years, but it's a useful tool for even the newest emerging markets. Take Woori Finance (WF), a South Korean bank headquartered in Seoul, which is a case study in value investing. Wikipedia attributes value investing to the ideas of Ben Graham and David Dodd, two prominent economists of the 1920s.

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