Welcome back.
Efforts to tame inflation... by raising...
interest rates... especially by the U.S. Federal Reserve... are affecting...
the won-dollar exchange rate...
here in South Korea... which in turn... appears to be... fanning fears... about financial
stability.
For more...
on this reality... and ways... to address it...
I have Professor Choi Sangyup ... from Yonsei University.
Welcome...
Professor Choi.
I also have Professor Cho Kyu Bong ... at Handong Global University...
live on the line.
Professor Cho... it's a pleasure... to have you... on.
1) Professor Choi ... let's begin with the declining value of the Korean won against
the U.S. dollar in recent days.
Perhaps... we could start with a few words on the cause... and the consequences of this
trend.
2) Professor Cho ... speaking to the foreign media... in Bali... on the sidelines of the
G20 finance leaders' meeting...
Finance Minister Choo Kyung-ho "shrugged off short-term risks of capital outflows" from
South Korea... despite its weakening currency.
What are your thoughts?
3) Professor Choi ... the fall in value of the Korean won against the
U.S. dollar also... appears to have affected... our foreign exchange reserves.
Do you care to elaborate?
4) Professor Cho ... should we be concerned about.... this drop... in our FOREX reserves?
Or is it simply a temporary trend?
I mean...
what are the broader implications here?
5) Professor Choi ... do you suppose... a currency swap deal...
with the U.S.... will serve... to address possible challenges...
resulting from... a retreat... in South Korea's FOREX reserves?
6) Professor Cho ... aside from a currency swap arrangement...
are there any other options... to address the current challenges...
faced by South Korea?
7) Professor Choi ... Finance Minister Choo has also spoken about... exempting taxes...
on income... from investing... in Korean treasury bonds... to attract foreign investment.
How do you respond to this planned measure?
8) Professor Cho ... President Yoon Suk-yeol's meeting with U.S. Treasury Secretary Janet
Yellen largely addressed...
economic security.
What issue caught your attention with regard to their talks?
9) Professor Choi ... Yellen called for... a
price-cap scheme... on Russian oil... during talks...
with Finance Minister Choo kyung-ho... who largely appeared to support the plan.
How do you respond?
10) Professor Cho , Yellen was also at
a research and development facility run by LG
during her trip here.
What are the broader implications
of these high-profile visits to
the nation's big businesses
by U.S. officials including President Joe Biden back in May when he visited Samsung?
All right.