Let's take a closer look at the Korea Index Fund and some of the bigger Korean ADRs that trade in the United States.
iShares MSCI South Korea Index Fund (EWY)
Kookmin Bank (KB)
Shinhan Financial Group (SHG)
LG Display Co (LPL)
As we can see from the above charts, they all are showing weakness. Weakness in Korea might mean weakness to spread to other emerging markets?