“The depreciation of the won is already at risk…”In a flash, the IMF crisis may be at the level of “”””” straightforward theory.”
Fears are spreading in the foreign exchange market as the won-dollar exchange rate approaches 1,400 won Sung Tae-yoon, an economics professor at Yonsei University, president of the Korean International Finance Association, said in an interview with the Seoul Economic Daily on the 19th, “The depreciation of the won we are experiencing is already at risk.”
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IMF’s on its way, but it’s quiet in the news