Won Fall May Prompt Action, Korea’s $1 Trillion Pension CEO Says


Rejecting the notion that the currency’s recent dip to the 1,500-per-dollar level represents a “new normal,” National Pension Service Chairman and CEO Kim Sung-joo said in a Friday interview that he views the low 1,400s as a more appropriate equilibrium. The won has fallen about 5% against the dollar this year to 1,514.25, among the worst performers in Asia.



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