Market complacency over Korean won ‘staggering’

- By Robert Mackenzie Smith
- 05 Apr 2013

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Market participants are being too complacent about the effects of increased tension between North and South Korea on the won, and investors should be taking measures to protect themselves against a sudden shift in the currency, say commentators.

North Korea announced a formal declaration of war on the South on March 30 and in recent weeks has threatened nuclear strikes and attacks on the US and South Korea. However, while USD/KRW spot has been steadily rising since mid-January, hitting 1,132 on

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