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S. Korea's SMEs Need to Brace for Currency Risk: Observers
Source: english.yonhapnews.co.kr
Source Date: Tuesday, March 25, 2014
Focus: Electronic and Mobile Government, Internet Governance
Country: Korea (Republic of)
Created: Apr 01, 2014

South Korean small and medium enterprises (SMEs) should brace for possible volatility in the currency market as economic uncertainties are growing, local observers said Tuesday. At a meeting of the Federation of Korean Industries (FKI), analysts said that currency risks have been rising due to the U.S. Federal Reserve's tapering of its bond-buying program, slowing growth in China and the weakening of the Japanese yen, posing a threat to SMEs here.
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