South Korean Undervalued over 20% based on DCF

Hanwha Aerospace

Market Cap: ₩64.9t

Engages in the development, production, and maintenance of aircraft engines worldwide.

Kia

Market Cap: ₩64.0t

Manufactures and sells vehicles in South Korea, North America, and Europe.

KB Financial Group

Market Cap: ₩56.8t

Provides various banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally.

Shinhan Financial Group

Market Cap: ₩46.6t

Provides financial products and services in South Korea, Vietnam, and Japan.

LG Electronics

Market Cap: ₩40.0t

Manufactures and sells consumer and commercial products in South Korea and internationally.

NAVER

Market Cap: ₩30.4t

Provides online search portal and information services in South Korea and internationally.

Samsung Heavy Industries

Market Cap: ₩25.2t

Engages in shipbuilding, offshore, and energy and infra businesses worldwide.

Doosan

Market Cap: ₩24.2t

Engages in the power generation facilities, industrial facilities, construction machinery, engines, and construction businesses in Korea, the United States, Asia, the Middle East, Europe, and internationally.

Samsung Fire & Marine Insurance

Market Cap: ₩22.9t

Provides non-life insurance products and services in South Korea, China, Indonesia, Vietnam, Singapore, the United States, and the United Kingdom.

KT&G

Market Cap: ₩19.5t

Engages in the production, distribution, and sale of tobacco products in South Korea, Europe, and internationally.

ALTEOGEN

Market Cap: ₩19.5t

A bio company, focuses on developing long-acting biobetters, proprietary antibody-drug conjugates, and antibody biosimilars.

HMMLtd

Market Cap: ₩19.3t

An integrated logistics company, provides shipping and logistics services in Japan and internationally.

Kakao

Market Cap: ₩18.4t

Operates mobile and online platforms in South Korea.

Hyundai Engineering & ConstructionLtd

Market Cap: ₩16.8t

Hyundai Engineering & Construction Co.,Ltd.

APR

Market Cap: ₩14.6t

Manufactures and sells cosmetic products for men and women.

NH Investment & Securities

Market Cap: ₩12.2t

Engages in the investment management in South Korea and internationally.

KRAFTON

Market Cap: ₩11.9t

Engages in the software development and related ancillary businesses in Asia, Korea, the United States, Europe, and internationally.

Samsung SecuritiesLtd

Market Cap: ₩11.6t

Operates as a financial investment company in South Korea.

Samsung E&A

Market Cap: ₩10.5t

Provides a range of engineering services for plant and other construction in South Korea, the United States, Asia, the Middle East, and internationally.

Kiwoom Securities

Market Cap: ₩10.3t

Provides online brokerage services in South Korea and internationally.

Samyang Foods

Market Cap: ₩9.9t

Manufactures and sells food products in South Korea and internationally.

ISU Petasys

Market Cap: ₩9.3t

Manufactures and sells printed circuit boards (PCBs).

LG CNS

Market Cap: ₩8.1t

Operates as an IT service company in South Korea and internationally.

HD Construction Equipment

Market Cap: ₩8.0t

Engages in the manufacturing and distribution of construction equipment.

SK Biopharmaceuticals

Market Cap: ₩7.7t

A pharmaceutical company, engages in the research, development, and commercialization of drugs for the treatment of central nervous system disorders.

Amorepacific

Market Cap: ₩7.4t

Researches, develops, manufactures, markets, sells, and trades cosmetics and beauty products worldwide.

OCI Holdings

Market Cap: ₩5.9t

Operates as a chemical company in South Korea.

Hanmi Pharm

Market Cap: ₩5.8t

A biopharmaceutical company, engages in the manufacture and sale of pharmaceutical products in South Korea, China, Japan, the United States, and internationally.

Samsung Card

Market Cap: ₩5.1t

Provides financial services in South Korea.

Hanwha Life Insurance

Market Cap: ₩4.2t

Provides insurance products to individual and corporate customers in South Korea and internationally.

LG H&H

Market Cap: ₩4.1t

Operates as cosmetics, household goods, and beverage company in South Korea and internationally.

CLASSYS

Market Cap: ₩3.4t

Provides medical aesthetics devices worldwide.

DL E&CLtd

Market Cap: ₩3.3t

A construction company, provides engineering, procurement, and construction solutions in South Korea.

Hansol Chemical

Market Cap: ₩3.2t

Manufactures and sells various chemicals primarily in South Korea.

Seoul Guarantee Insurance

Market Cap: ₩3.2t

Engages in non-life insurance and other related operations to individuals and corporates in South Korea and internationally.

Hyundai Elevator

Market Cap: ₩3.0t

Designs, manufactures, installs, maintains, and modernizes elevators in South Korea and internationally.