Goldman Sachs: The results of the South Korean presidential election will reassess the stock market.

In the presidential election in South Korea, Lee Myung-bak won a landslide victory. Strategists at Goldman Sachs believe that this will boost the South Korean stock market and currency. Strategists, including Kamakshya Trivedi, wrote in a report that with Lee Myung-bak's party controlling the executive and legislative branches, a new cabinet should be quickly formed. It is expected that a significant amount of fiscal stimulus measures will be implemented, trade negotiations between the US and South Korea will be restarted, and further progress will be made in broad corporate governance reforms. "All of this should eventually help narrow the long-standing 'Korea discount' in the South Korean stock market and the Korean won," Goldman Sachs said.