South Korean economists urge quick action to stem sudden outflow of foreign capital

06/30/2013 | (South Korea)

South Korea needs immediate steps, including an expansion of foreign exchange reserves and currency swaps and a levy on capital transactions, to limit a sudden outflux of foreign capital as quantitative easing comes to an end. That is the recommendation of a panel of top economists, who concluded that Korea's markets are currently too open to foreign investors.

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