Disclosures&DisclaimerThisreportmustbereadwiththedisclosuresandtheanalystcertificationsintheDisclosureappendix,andwiththeDisclaimer,whichformspartofit.Issuerofreport:TheHongkongandShanghaiBankingCorporationLimited,SeoulSecuritiesBranchViewHSBCGlobalResearchat:https://www.research.hsbc.comMiFIDII–ResearchIsyouraccessagreed?CONTACTustodayEarningsrecoverymaybeslowerthanmarketexpects–notasurprisegivenChina’srestrictionoftourismcontinuesThefocusnowshouldbeonrecoveryandmarketsharegainsinmainlandChinaWecontinuetolikeAmorePacificandLGH&H,bothratedBuyWhat’snew?SinceChina’srestrictionofgrouptourstoKoreafrom15March2017withnosignsofaneaseoftensions...