% | $
Quotes you view appear here for quick access.

LG Display Co., Ltd. Message Board

  • Moneygamer Moneygamer Sep 4, 2008 9:25 AM Flag

    Korean is not facing a financial crisis

    From The KOrea Herald:

    "It seems that the media is quite worried about the Korean economy, specifically rumors of a so-called September crisis, Korea`s growing external debt, and the dwindling foreign exchange reserves. However, such concerns reveal an insufficient understanding of the financial situation in Korea.
    The rumors of a September crisis spread when foreigners` domestic bond investment - after recording continual net purchases between January and May of this year (monthly average $3.2 billion) - turned to net selling in June and July. In addition, there is a concentration of Korean bonds held by foreigners reaching maturity in September, and concerns have arisen that a sudden massive outflow of their bond investment funds might cause financial market instability.

    Such concerns are groundless. ..."

    SortNewest  |  Oldest  |  Most Replied Expand all replies
10.82-0.11(-1.01%)Nov 30 4:06 PMEST