South Korean Undervalued over 20% based on DCF

Samsung BiologicsLtd

Market Cap: ₩72.7t

Together with its subsidiaries engages in the manufacturing, commercializing, distributing, and selling of biopharmaceuticals products in South Korea, Europe, the United States, and internationally.

KB Financial Group

Market Cap: ₩54.5t

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.

Samsung C&T

Market Cap: ₩49.3t

Engages in the engineering and construction, trading and investment, fashion, and resort businesses in South Korea, Europe, the Middle East, Africa, the Asia Pacific, and the Americas.

Shinhan Financial Group

Market Cap: ₩46.8t

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

Samsung Electro-Mechanics

Market Cap: ₩41.7t

Manufactures and sells various electronic components in Korea, China, Southeast Asia, Japan, the Americas, and Europe.

Hana Financial Group

Market Cap: ₩32.3t

Through its subsidiaries, provides financial services in South Korea, Hong Kong, Singapore, the United States, Japan, China, Indonesia, the United Kingdom, Canada, and internationally.

Korea Electric Power

Market Cap: ₩27.9t

Engages in the generation, transmission, and distribution of electricity in South Korea and internationally.

Woori Financial Group

Market Cap: ₩25.0t

Operates as a bank which provides various financial services in Korea, China, the United States, the United Kingdom, Japan, and internationally.

Samsung Heavy Industries

Market Cap: ₩24.4t

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

Kakao

Market Cap: ₩21.0t

Operates mobile and online platforms in South Korea.

SK

Market Cap: ₩19.3t

Engages in petroleum refining, telecommunications, wholesale and retail, chemicals, construction, and other businesses in Korea.

Industrial Bank of Korea

Market Cap: ₩17.8t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.

KT&G

Market Cap: ₩16.5t

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

Hyundai Glovis

Market Cap: ₩16.4t

Operates as logistics and distribution company in South Korea and internationally.

APR

Market Cap: ₩14.7t

Manufactures and sells cosmetic products for men and women.

Kiwoom Securities

Market Cap: ₩11.5t

Provides online brokerage services in South Korea and internationally.

HYBE

Market Cap: ₩10.9t

Engages in the music production, publishing, and artist development and management businesses.

KRAFTON

Market Cap: ₩10.6t

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

Samsung E&A

Market Cap: ₩10.0t

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

Daewoo Engineering & Construction

Market Cap: ₩10.0t

Daewoo Engineering & Construction Co., Ltd.

Samsung SecuritiesLtd

Market Cap: ₩9.5t

Operates as a financial investment company in South Korea.

LG Innotek

Market Cap: ₩9.0t

Engages in the manufacture and sale of electronic materials and components for mobile, display, semiconductor, automobile, and Internet of Things (IoT) fields in South Korea and internationally.

HD HYUNDAI Marine SolutionLTD

Market Cap: ₩8.4t

HD Hyundai Marine Solution Co., Ltd. provides integrated engineering-based services to Hyundai brand ships.

Amorepacific

Market Cap: ₩8.2t

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

Doosan Bobcat

Market Cap: ₩6.7t

Designs, manufactures, markets, and distributes compact construction equipment in North America, Europe, the Middle East, Africa, Asia, Latin America, and Oceania.

ORION

Market Cap: ₩5.2t

Engages in the manufacture and sale of various confectionery products in South Korea, China, and internationally.

DAEDUCK ELECTRONICS

Market Cap: ₩4.5t

Provides various printed circuit boards (PCB) in South Korea and internationally.

Netmarble

Market Cap: ₩3.9t

Develops and publishes PC, mobile, and console games in South Korea and internationally.

LG H&H

Market Cap: ₩3.9t

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

Hanwha Engine

Market Cap: ₩3.8t

Manufactures and sells diesel engines worldwide.

DL E&CLtd

Market Cap: ₩3.8t

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

Hanwha Life Insurance

Market Cap: ₩3.6t

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

CLASSYS

Market Cap: ₩3.5t

Provides medical aesthetics devices worldwide.

Youngone

Market Cap: ₩3.5t

Engages in the manufacture and sale of clothing, shoes, and supplies market worldwide.

Daehan Shipbuilding

Market Cap: ₩3.4t

Provides ship construction and repair services.

Seoul Guarantee Insurance

Market Cap: ₩3.4t

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