President-elect Park vows 'preemptive' monetary steps for weak Japanese yen
By Park Sae-jin
Posted : April 26, 2013, 09:42
Updated : April 26, 2013, 09:42
"I'm well aware that stabilizing foreign exchange rates is important. (We) will cope with the current situation in a preemptive and effective manner to ensure that our companies will not suffer losses," she said in a meeting with leaders of the Korea International Trade Association in southern Seoul. She also visited the Korea Employers Federation later in the day.
South Korean exporters have faced difficulties as the weak Japanese yen makes their products more expensive than Japanese goods.