Lee Myung bak has been elected the President of South Korea. This will definitely give a boost to the South Korean stock markets.
And will probably start a chain reaction boost for all the Pacific Rim Countries' stock markets.
We have to remember that Lee Myung bak was a former Hyundai Group executive. Add to that, he was also the former mayor of Seoul.
So the new president has administrative as well as business credentials. In fact, the voters were deeply concerned as to which way the South Korean economy was headed.
We project a boost for the entire Pacific Rim region.
