How South Korea's Stock Surge Masks Deep Structural Risk

South Korea's KOSPI has surged 15% in the past week, making it the best-performing major market globally. But Lucas and Luna dig into why that rally might be a mirage. They examine the currency dynamics at play — the won strengthening against the dollar — and question whether foreign investors are truly buying into Korean equities or just hedging against a weaker greenback. With the won at 1,300 per dollar and the export-heavy economy facing headwinds, they ask: is this a genuine recovery or a carry-trade illusion? Plus, they explore how the recent Iran deal headlines could further complicate Korea's trade balance and what it means for the KOSPI's sustainability. #SouthKorea #KOSPI #Won #EmergingMarkets #CarryTrade #CurrencyRisk #ExportEconomy #IranDeal #ForeignInvestment #StockMarket #Geopolitics #TradeBalance #DollarWeakness #Macro #Business #Finance #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo