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South Korea Sees �Lumpy Road� for Won
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sobriquet



Joined: 16 Feb 2007
Location: Nakatomi Plaza

PostPosted: Wed Feb 25, 2009 5:59 pm    Post subject: South Korea Sees �Lumpy Road� for Won Reply with quote

Quote:
South Korea Sees �Lumpy Road� for Won, Slowing Bank Debt Sales
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By Sangim Han

Feb. 26 (Bloomberg) -- South Korea expects continued volatility in the won, the world�s worst-performing major currency in the past year, further delaying bank sales of bonds to global investors, the Financial Services Commission said.

�We�re going to have a lumpy road on the FX side,� FSC Vice Chairman Rhee Chang Yong said in an interview in Seoul. �Because of the eastern European market situation I can see that March won�t be an easy month� for commercial banks to raise funds in the international market, he saidWe�re going to have a lumpy road on the FX side,� FSC Vice Chairman Rhee Chang Yong said in an interview in Seoul. �Because of the eastern European market situation I can see that March won�t be an easy month� for commercial banks to raise funds in the international market, he said


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madxkilla



Joined: 26 Apr 2007

PostPosted: Thu Feb 26, 2009 3:59 am    Post subject: Reply with quote

Confused
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madxkilla



Joined: 26 Apr 2007

PostPosted: Thu Feb 26, 2009 3:59 am    Post subject: Reply with quote

Confused
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madxkilla



Joined: 26 Apr 2007

PostPosted: Thu Feb 26, 2009 4:00 am    Post subject: Reply with quote

Confused
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madxkilla



Joined: 26 Apr 2007

PostPosted: Thu Feb 26, 2009 4:00 am    Post subject: Reply with quote

Confused
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madxkilla



Joined: 26 Apr 2007

PostPosted: Thu Feb 26, 2009 4:25 am    Post subject: Reply with quote

Confused
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michaelambling



Joined: 31 Dec 2008
Location: Paradise

PostPosted: Thu Feb 26, 2009 4:39 am    Post subject: Reply with quote

I wonder how madxkilla feels about this.
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sobriquet



Joined: 16 Feb 2007
Location: Nakatomi Plaza

PostPosted: Thu Feb 26, 2009 4:59 am    Post subject: Reply with quote

michaelambling wrote:
I wonder how madxkilla feels about this.

Lumpy?
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KoreaninKorea



Joined: 10 Oct 2008
Location: Incheon

PostPosted: Thu Feb 26, 2009 1:28 pm    Post subject: Reply with quote

Confused Confused Confused Confused Confused
All done at once.
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sobriquet



Joined: 16 Feb 2007
Location: Nakatomi Plaza

PostPosted: Thu Feb 26, 2009 2:05 pm    Post subject: Reply with quote

The intersting thing about this article, is that it's South Korea admitting that the times ahead are going to be 'lumpy it's not a foreign economist or a Korean economist trying to reduce fear and panic.
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Forward Observer



Joined: 13 Jan 2009
Location: FOB Gloria

PostPosted: Thu Feb 26, 2009 2:08 pm    Post subject: Reply with quote

Wonder why it's the "worlds worst performing major currency.."?
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TekkaManBladeX



Joined: 09 Jun 2007

PostPosted: Thu Feb 26, 2009 8:24 pm    Post subject: Reply with quote

Sucks that for every 3000 won you make here, it only amounts to like $2......
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TekkaManBladeX



Joined: 09 Jun 2007

PostPosted: Thu Feb 26, 2009 8:24 pm    Post subject: Reply with quote

double post, delete
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johnny_larue



Joined: 09 May 2008

PostPosted: Thu Feb 26, 2009 9:25 pm    Post subject: Reply with quote

The chances of me reupping now are slim to none. I want to send $600 back to Canada and it will cost me something like 800,000 won. What a disgrace.

I am not surprised the econom in SK is doing poorly either. The people here barely ever do real work. There is a person doing construction in my English room here and I swear that he does actual work for less than ten minutes out of every hour. The rest of the time he is talking on his cell phone.

Then there's people like the vice principal, who also never does work. All that old fuckstick does is constantly make anouncements over the PA system. As a matter of fact, he's worse than the lazy construction worker, because makes arbitrary rules and changes to justify his existence. He is the worst kind of parasite!

Now, how is the productivity of the country supposed to be good when people seldom work very hard?
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marlow



Joined: 06 Feb 2005

PostPosted: Thu Feb 26, 2009 11:04 pm    Post subject: Reply with quote

Ha. It costs 1550 to wire with KEB.

That's not lumpy; that's runny poo.
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