High anxiety in S. Korea over surging won | Bangkok Post: news

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High anxiety in S. Korea over surging won

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A surging won and waning yen are eroding the bottom lines of South Korea's export powerhouses who are feeling the pinch after years of gobbling up global market share from their Japanese rivals. 

A bank employee counts out South Korean won banknotes at the Korea Exchange Bank in Seoul. A surging won and waning yen are eroding the bottom lines of South Korea's export powerhouses who are feeling the pinch after years of gobbling up global market share from their Japanese rivals.

The South Korean currency has soared 27 percent against the yen since the beginning of 2012, as anticipation of monetary easing promised by Japan's new leader Shinzo Abe weakened the yen across the board.

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