The government has retrieved over 72 percent of the public funds used to bail out troubled financial firms since the 1997-1998 Asian financial crisis, the financial regulator said Tuesday.
The average won-dollar exchange rate during the fourth quarter of last year hit a record high at 1,398.75, according to data released by the Bank of Korea, the highest level since the first quarter of 2009.
The United States removes Korea from its currency monitoring list, revealing reduced foreign exchange reserves and declining exports.
For any country to not repeat this situation, market and regulatory disciplines must be harmoniously established to avoid planting seeds of a new crisis.
Korea JoongAng Daily Sitemap
