SOUTH Korea's smaller companies are beating larger peers by the most since 2005 as President Park Geun Hye boosts stimulus and promotes entrepreneurship. The small-cap Kosdaq Index has advanced 15 per cent this year, outperforming the benchmark Kospi by 14 percentage points and beating the MSCI Emerging Markets Small Cap Index by 6.5 points till Monday. Mark Mobius, whose US$1 billion Templeton Asian Smaller Companies Fund topped 98 per cent of peers during the past five years, has been boosting holdings in South Korea and now has more than 30 per cent of his fund invested in the country.
While a stronger won and disappointing earnings have dragged down exporters such as Samsung Electronics Co,...
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