Latest / The Emerging Markets Podcast with Fexingo: Developing Economies, Growth, and Investment
Korean Won Crisis How South Korea Is Fighting Currency Collapse
Episode 80 of The Emerging Markets Podcast: South Korea's won has tumbled to multi-year lows, with the KOSPI sliding 10% in a week. Lucas and Luna break down the specific pressures—from a record-high trade-weighted dollar at 120.4 to the won breaching 1,400 per dollar—and examine how Seoul is deploying reserves, hiking rates, and intervening in FX markets. They contrast Korea's situation with other EM basket cases like Turkey and Argentina, and ask whether the won's troubles signal a broader EM currency crisis. With China's yuan also slipping to 6.77 per dollar and…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.