11 August 2011 17:25
Countries buy foreign exchange to suppress their currencies. That’s a surprising result given that the won is supposed to be a market-set exchange rate, whereas China’s is a managed float.
So why not make currency manipulation as easy as possible to keep the chaebols happy by ducking developed status for as long as it suits?
chaebol, economy, emerging markets, Financial Times, global markets, market, South Korea
Advice and wealth management firms worldwide are undertaking a great “investment menu clean-up”, driven by M&A, a desire for stronger investment conviction and lower client fees and, in Australia, renewed regulatory scrutiny of product failures.
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