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Economy / South Korea

KRW Strength Generating Concern

November 2006 | Economic Outlook
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BMI View: The KRW has experienced an impressive rally in recent weeks, and the unit's continued strength has generated renewed concerns about the consequences for South Korea's export competitiveness. However, we remain skeptical about the effectiveness of any efforts by the central bank to curb the won's rise, and see scope for further appreciation over the coming