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inthewild
Joined: 28 Mar 2004
Location: Korea
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 Posted: Mon May 09, 2005 6:00 pm Post subject: Won value if there's a nuclear test in June? |
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| What do you think will happen to the value of the won over the next year if NK does a nuclear test next month? |
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Ya-ta Boy
Joined: 16 Jan 2003
Location: Established in 1994
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| Posted: Tue May 10, 2005 6:30 am Post subject: |
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Well, since foreign investors prop up the KOSPI and play a role in the growth of the Korean economy, it's a pretty safe bet they will pull the plug on investments. Political instability usually leads corporations to postpone plans for expansion, so unemployment rates won't improve. Consumer confidence would probably crumble.
Conclusion: the Won would race the dollar to the bottom of the exchange barrel. |
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Hollywoodaction
Joined: 02 Jul 2004
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| Posted: Tue May 10, 2005 5:54 pm Post subject: Re: Won value if there's a nuclear test in June? |
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| inthewild wrote: |
| What do you think will happen to the value of the won over the next year if NK does a nuclear test next month? |
Good point. Although I doubt the won will crash, I'm gonna change a bit of money now because I'm planning a big trip this summer. Better safe than sorry. |
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