After the won depreciated to 1,300 won per dollar in June, Finance Minister Choo Kyung-ho pledged to ease the imbalance between supply and demand through policy means. We hope he keeps his promise.
The government must roll up its sleeves to prevent a further deterioration of Korea’s trade balance by using all possible means. If it leaves the situation unattended, it could trigger another foreign exchange crisis.
Korea JoongAng Daily Sitemap