Korea’s new FX rules expected to slow won appreciation

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Korea’s new FX rules expected to slow won appreciation

November 20, 2009

From Pamela Tang

Regulatory changes should slow won appreciation but not reverse its upward path, says StanChart strategist David Mann. The government is seeking to be in line with global accords, not to introduce capital controls, he adds.

South Korea’s plans to control foreign currency liquidity could slow the appreciation of the won but should not reverse its upward path, according to David Mann, senior FX strategist at Standard Chartered in Hong Kong.

The nation’s Financial Services...

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SOUTHEAST ASIA DCM

Rank

Bookrunner Parents

Deal Value $ (Proceeds) (m)

No.

%share

2012 YTD Rank

HSBC

4,160

8.3

Standard Chartered Bank

4,110

8.2

Goldman Sachs

3,666

7.3

Deutsche Bank

3,354

6.7

Citi

2,774

5.5

DBS

2,341

4.6

JPMorgan

2,288

4.5

CIMB Group

2,095

4.2

Siam Commercial Bank

1,835

3.6

RHB Capital Bhd

1,688

3.4

Subtotal

28,311

161

56.2

Total

50,423

249

100.0

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