China Wants This Deal to Fail. Don’t Let That Happen.

This path made us an attractive acquisition target, and when our primary competitor, Cleveland-Cliffs, initiated a takeover bid last year, our board of directors undertook a review of the alternatives. It made the decision any responsible board would have done: to accept Nippon Steel’s $14.9 billion offer.

EWY: South Korea Looks Like One Of The Most Attractive Picks In Asia

This ETF invests in some of the dominant South Korean equities, including Samsung Electronics, SK Hynix, and Hyundai Motor. One impressive fact about South Korea’s stock market is that the stock market is extremely cheap, at around 11x earnings and below book value, even though the index has a high weighting in IT and consumer stocks.