9/12/2013

Generous foreign reserves and a healthy current-account surplus should stand South Korea in good stead as the U.S. Federal Reserve pares its bond-buying program, according to an assessment by Goldman Sachs. Noting that Korea's current-account surplus is on track to reach a record this year, Goldman Sachs Asia Managing Director Kwon Goo-hoon said that "while it's true that there's a lot of money to be lost upon the QE tapering, the portion of foreign reserves to GDP is 30%, far higher than other emerging countries."

Related Summaries