Bought a 5% position in Bought Nice Information Services (030190 KS), a credit bureau in Korea. See the Asian Century Stocks writeup (paid). Its sells mostly consumer credit scores, and is part of an oligopoly, with past 6% CAGR, trading at single digit PE. It pays a 4% dividend, or half its profits. The risks are: Korea is already heavily indebted, the corporate structure, and the stock is illiquid (buying 50 shares can move the price 1%).
Tuesday, June 2, 2026
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