Why South Korea ETFs Are Surging on a Trade War Winner Narrative

South Korea’s benchmark Kospi has been rallying, and the iShares MSCI South Korea ETF (EWY) surged 7% in the past week. Lucas and Luna unpack the narrative that Seoul may be a trade-war winner as global tariff tensions escalate. They examine the won’s persistent weakness versus the dollar, the economy’s heavy reliance on semiconductor and battery exports, and why investors are betting on a reshoring boost. They also weigh the risks: China exposure, domestic political flux, and whether the rally is already priced in. Plus, a brief discussion of how trade diversion from China is reshaping East Asian supply chains in mid-2026. #SouthKorea #EWY #TradeWar #Semiconductors #EmergingMarkets #ETFs #Kospi #Won #ExportEconomy #SupplyChain #Geopolitics #Reshoring #BatterySupplyChain #GlobalTrade #Currency #Economics #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo