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
As the travel restraint of First Guardian CIO Simon Selimaj has been lifted, Shield and First Guardian investor advocate Melinda Kee writes that confidence in the system is lost long before a court delivers its verdict.
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