S.Korea looks more tolerant even as yen fall hits local markets, pinches exporters

Newswire

By Choonsik Yoo SEOUL, Jan 2 (Reuters) - South Korea's government may be more tolerant than previous administrations to surges in the won currency against the faltering yen, with a soaring current account surplus providing some cushion for the economy even as its financial markets and exporters start to feel the pressure. Finance Minister Hyun Oh-seok made relatively lukewarm comments on the currency on Thursday while the won's spike combined with concerns over ...

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