South Korea

[The South Korean retirement scandal has] created huge risks to the integrity and legitimacy of the NPS [National Pension Service]. They know the math. There will have to be a push to diversify and decrease the overinvesting in a small number of companies.

The jobs China is accused of stealing, many were lost a long time ago to Korea or Japan and moved from there to China. A lot of that job loss occurred because of technology change. [And despite Trump's promises to bring jobs back to the US,] nobody in the US would do them at the wages companies would want to charge. Those jobs are never going to be gotten back.