No, it doesn't. Why do you think Apple doesn't ship 27" or 32" 4K displays? In their own products, or even carry them in their store?
Because macOS is not designed to be displayed on that type of monitor. Maybe it should be, but it's not. That's another conversation entirely.
If you can't do 2x display scaling and also achieve normal sized UI assets, it isn't usable for macOS. If you try anyway, what you get is a low quality compromise.
Even the LG UltraFine 4K is pushing it. They are slightly too large at 23.7", so 1920x1080 appearance results in large display assets. I have to run them at 1.6x scale/looks like 2304 x 1296 to get an acceptable size, which looks fine thanks to its borderline pixel density, but is still a compromise and less than perfect.
24" really needs to be 4.5K, which is why the new iMac is precisely that.
27" needs to be 5k.
32" needs to be 6k.
Unfortunately these panels are rare and expensive. But being rare and expensive doesn't change that this is what macOS is designed for, and anything less looks really, really bad.