South Korea bounces back

Professional Adviser
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South Korea has been one of the stronger Asian economies, successfully shrugging off last year's glo...

South Korea has been one of the stronger Asian economies, successfully shrugging off last year's global concerns of a recession. The economy has a strong domestic and property market owing to the easing of finance. However, as Korea is a cyclical economy, there are some concerns there might be overheating within the economy and the cycle might turn. The Bank of Korea has increased interest rates to 25 basis points for fear of inflationary pressures. With the strengthening of the won to the dollar, it is unlikely another rate increase will follow. The question remains whether Korea's i...

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