Korean Entertainment Stocks Surge on Hopes of China Thaw Under New Lee Administration

SEOUL, June 7 (Korea Bizwire) — South Korea’s entertainment stocks are rallying on renewed hopes of a diplomatic thaw with China, as investors bet on policy tailwinds under President Lee Jae-myung’s new administration. According to data released by the Korea Exchange, shares of the nation’s four major entertainment companies have surged an average of 56.7% [...]