South Korea Not Limiting Foreign Investment

After the announcement that Brazil will tax foreign inflows to stem the appreciation of the currency versus the dollar. South Korean regulators have stated openly that they not looking to follow in the South American country’s footsteps

“With foreign banks (operating in South Korea) playing an important role in getting dollars into the nation, (imposing such measures) is not easy,” the official, who declined to be named, said.

A task force within the government “has discussed such an issue, suggested by scholars, but hasn’t seriously considered conducting it,” he said.

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza