Opinion
INTERVIEW: Korea's weak won reflects structural dollar imbalance, not crisis conditions
South Korea’s won has weakened past 1,470 per dollar, a level that evokes memories of past currency crises. But strong external fundamentals suggest the current situation differs sharply from previous episodes of financial turmoil, according to Jeon Kwang-woo, chairman of the World Economic Research Institute and a former head of the Financial Services Commission (FSC) and the National Pension Service (NPS). Despite record current account surpluses and a stock market ral
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