Korean companies cheap and cash-rich, says Allianz GI

South Korea’s stock market will continue its rise this year on the back of a strong domestic economy and continued capital inflow, says Eugen Löffler, Asia-Pacific chief investment officer at Allianz Global Investors (AGI). He was in an optimistic mood when he spoke to AsianInvestor, talking up the merits of Korea’s phalanx of cash-rich companies, which are well placed to strengthen their competitive position in the global marketplace. “2010 was a good year for the Korean stock market…