That's good news for investors now looking to enter the market. But don't hold on for too long.
Prices certainly look cheap.
Valuations have fallen steadily in line with the rest of the market. Most non-life firms are large stock investors. The value of those stock market holdings has shrunk along with the bourse's slide. But a technical correction since mid-year has brought the sector's valuations down to the ground floor. Non-life stocks are now selling at just under nine times this year's earnings, says LG Securities' Kim.