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WEAKER WON COULD ERODE S. KOREA'S CORPORATE COMPETITIVENESS.
SEOUL, Dec 1 Asia Pulse - A weaker won to the U.S. dollar could erode South Korea's corporate competitiveness in the long term by lowering its labor productivity, a South Korean central bank research unit said Friday.
"A high won-dollar rate could boost companies' import costs sharply in the long term and sap their growth potential by reducing their willingness to develop new technologies," the Institute for Monetary Economic & Research said in its report.
If the won is maintained at a weaker-than-optimal level for a long period, local companies would be less willing to spend more on new technology and high-quality employees due to strong exports, it warned.
A weaker won makes South Korean exports less ...
- SOUTH KOREAN DEPARTMENT STORE SALES RISE ON WEAKER WON.
- News wire article from: AsiaPulse News January 5, 2009 700+ words
...solidly in 2008 from a year ago as a weaker won prompted consumers to increase their...industry watchers said Sunday. The South Korean won tumbled 28 per cent against the...observers attributed the solid gains to the South Korean won's depreciation against the U...
- Weaker won could erode S. Korea's corporate competitiveness.
- News wire article from: YON - Yonhap News Agency of Korea December 1, 2006 700+ words
...1 (Yonhap) -- A weaker won to the U.S. dollar...labor productivity, a South Korean central bank research...exports, it warned. A weaker won makes South Korean exports less expensive...term ill effects of a weaker won, it would be desirable...
- Kia Motors records 1Q profit on weaker won.
- News wire article from: The America's Intelligence Wire April 24, 2009 700+ words
...by a sharply weaker South Korean won and an increase...an affiliate of top South Korean automaker Hyundai Motor...Bank of Korea data. A weaker won can boost profits earned...repatriated and can make South Korean products cheaper in...
- Foreign investors push South Korean stocks to highest level since 1994.
- News wire article from: The America's Intelligence Wire July 14, 2005 700+ words
...Worldstream) Byline: BURT HERMAN South Korean stocks jumped to their highest...have been a favorite as the South Korean won has fallen against the...Corp. added 1 percent. A weaker won can make South Korean manufactured goods less expensive...
- SOUTH KOREAN FIRMS FEEL PINCH OF SLIDING WON.
- News wire article from: AsiaPulse News August 27, 2008 700+ words
...foreign investors dumped South Korean stocks and bonds en masse...6.7 billion) worth of South Korean bonds due in September...further. "The trend of a weaker won and sell-off of South Korean assets may remain in place...
- (News Focus) South Korean firms feel pinch of sliding won.
- News wire article from: YON - Yonhap News Agency of Korea August 28, 2008 700+ words
...foreign investors dumped South Korean stocks and bonds en masse...6.7 billion) worth of South Korean bonds due in September...further. "The trend of a weaker won and sell-off of South Korean assets may remain in place...
- Department stores' 2008 sales rise on weaker won.(Financial report)
- News wire article from: YON - Yonhap News Agency of Korea January 5, 2009 700+ words
...solidly in 2008 from a year ago as a weaker won prompted consumers to increase their...industry watchers said Sunday. The South Korean won tumbled 28 percent against the U...observers attributed the solid gains to the South Korean won's depreciation against the U...
- S KOREAN FIRMS SEE Q2 PROFITABILITY DIP MARGINALLY ON WEAKER WON.
- News wire article from: AsiaPulse News September 12, 2008 700+ words
...Sept 12 Asia Pulse - South Korean companies' profitability...second quarter as a weaker won led to foreign exchange...a slowing economy. South Korean construction companies...The data comes as the South Korean economy grew 0.8 per...
- Koreans' overseas spending dips in 2008 on weaker won.
- News wire article from: YON - Yonhap News Agency of Korea April 3, 2009 700+ words
...time in five years last year as a weaker won and the slumping economy discouraged...the central bank said Thursday. South Korean residents spent 16.3 trillion...percent from a year ago, as a weaker won lured tourists and tempted travelers...
- South Korea: Koreans' overseas spending dips in 2008 on weaker won.
- News wire article from: Thai Press Reports April 2, 2009 700+ words
...time in five years last year as a weaker won and the slumping economy discouraged...the central bank said Thursday. South Korean residents spent 16.3 trillion...percent from a year ago, as a weaker won lured tourists and tempted travelers...
Source: HighBeam Research, WEAKER WON COULD ERODE S. KOREA'S CORPORATE COMPETITIVENESS.