South Korea, he thinks, has developed a culture of share ownership that could drive fund inflows to mania proportions.

ECONOMIST: South Korean mutual funds: Mania by instalments | The

South Korea has yet to develop much of a shareholder culture much less, after recent events, an appetite for risk.

ECONOMIST: South Korean firms

For all the mess it made of the US, it is still an unusual British business and British retailer in having made a success of initiatives in parts of the world where retailing culture and practice are very different from the UK (although a recent bashing in South Korea, due to regulatory changes, shows there will always be downs as well as ups).

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