InfoAnda - S.Korea balance of payments hit by market jitters

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Seaweed defense offers clues against malaria | 22 February 2011
Thai police hold 15 Pakistanis, probe possible terror link | 13 October 2010
Gibson, Foster team up for 'Beaver': report | 12 July 2009

Cyberattacks On U.S. Government Computer Networks Up 40 Percent In 2008 | 17 February 2009

Forum Views () Forum Replies ()

Read more with google mobile : S.Korea balance of payments hit by market jitters

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World S.Korea balance of payments hit by market jitters Reuters - 2 hours 27 minutes ago Send IM Story Print * May current account surplus hits five-month high * Capital account swings to big deficit on market jitters * Policymakers seen trying to keep won cheap to boost exports By Yoo Choonsik SEOUL, June 29 - South Korea posted its largest current account surplus in five months in May but suffered huge capital outflows, highlighting concerns over financial stability that prompted authorities to impose currency curbs this month. Asia's fourth-largest economy posted a seasonally adjusted current account surplus of $3.35 billion in May, the largest this year, lifted by a rise in export value to record high levels last month, the central bank data showed on Wednesday. But it was easily eclipsed by an $11.96 billion deficit in the capital account, which was mainly due to heavy selling of domestic stocks by foreign investors and South Korean banks' paying of money owed to overseas lenders. "South Korea has almost fully opened its capital markets to foreign investors and in that regard is naturally faced with high volatility in capital flows across the border," said Lim Ji-won, economist at JPMorgan Chase. "That's why policymakers have publicly said they want to keep the current account in surplus," she said. South Korean policymakers want to see big current account surpluses to keep the overall balance of payments sound. The authorities imposed this month restrictions on banks' currency derivatives trades aimed at curbing overseas short-term borrowing and preventing sharp swings in capital flows that undermine the financial stability. [ID:nTOE65C00R] Foreign investors, spooked by the global market turbulence, sold a net 6.1 trillion won worth of South Korean shares on the main board in May while domestic borrowers, mostly banks, paid back a net $8.64 billion to overseas lenders during the month, data showed. Policymakers are expected to keep intervening in the currency market to prevent the won <KRW=> <KRW=KFTC> from strengthening so that exporters can better compete with rivals and boost the current account balance. "The authorities appear very keen to maintain the won cheap even as the country's central bank is widely expected to start raising interest rates soon and despite robust exports keep dollars flowing in," said an analyst, who asked not to be named. The won has lost 4 percent so far this year against the dollar despite the robust growth in the domestic economy. South Korea posted surpluses in both current and capital accounts in the January-May period but the current account surplus is widely expected to taper off in line with recovering domestic demand, which will boost imports. The Bank of Korea expects the current account surplus to shrink sharply to $10.5 billion in 2010 from $42.7 billion in 2009, and narrow further to $5.5 billion next year. Recommend Send IM Story Print Related Articles S.Africa's Naspers FY profit up 21 pct Reuters - 16 minutes ago JGBs rise as risk assets dumped, yields at 7-yr low Reuters - 18 minutes ago Capital flows not a problem as of now-India PM Reuters - 22 minutes ago Google alters China course before license expires AFP - 24 minutes ago European shares fall on debt worry, commods weigh Reuters - 25 minutes ago News Search Top Stories More travel misery from Greek general strike Rare white elephant caught in Myanmar Oprah tops Forbes celebrity 'power list' US presses farmers to reduce antibiotics use Brazil ease past Chile, set-up Dutch showdown More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Disgraced millionaire lobbyist takes pizza job US cracks 'deep-cover' Russia spy mission, arrests 10 England-Germany World Cup rivalry felt in Afghanistan Back from the dead, Saab is ready for its revenge BP denies Hayward to resign as oil disaster costs soar More Most Viewed » Amputee cat gets bionic legs Aussie men shoot each other in buttocks 'to see if it hurts' Fans gather for Michael Jackson death anniversary More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Tuesday, 29 June 2010
Iran freezes nuclear talks for two months
Panama ex-dictator Noriega on trial in France
US-TECH Summary
Obama moves to free spectrum for wireless revolution
Western oil firms stop business with Iran
Era ends, as Byrd, longest-serving US lawmaker, dies
Tycoon trio wins control of France's Le Monde
Iran to 'discipline' West by holding off nuclear talks
BP denies Hayward to resign as oil disaster costs soar
Supreme Court Rules Part Of Sarbanes-Oxley Violated Constitution
Angry House lawmaker cuts aid to Afghanistan |
Saudi king seeks Obama action on Mideast peace
Football lags other sports on technology
Venus battles Groth to reach quarter finals
Administration Outlines Ambitious Voluntary Broadband Spectrum Plan
EU mobile roaming rates to fall as of July 1
Guinea vote went well despite hitches say observers |
Apple iPhone 4 Tops 1.7 Million In Sales
Over 12,000 Guineans sms on election issues: US embassy
Personal Spending, Income Rise In May
Apple sold 1.7 million iPhones in three days
Hurricane Watch Raised In Texas, Mexico As Alex Gains Strength
Apple says had sold 1.7 million iPhone 4 on Saturday
"Back To The Future" Trilogy Head To Blu-Ray For 25th Anniversary
Ex-Panamanian dictator Noriega stands trial in Paris |
"Toy Story 3" Guards Top Spot; "Grown Ups" Take 2nd Place
S.Korean leader wants North apology
Japan war crimes claim sparks France libel case
Li ignores coach to maintain winning feeling
U.S. Senate Republicans rap Obama's high court pick
Japan count on Honda against Paraguay
Five Americans appeal terrorism convictions in Pakistan
India's central bank to weigh interest rate hike: minister
Obama endorses plan to boost wireless broadband |
Toyota starts production of Europe's first hybrid car
Tata Motors to raise $1 billion in equity and debt
US-ENTERTAINMENT Summary
Motley Crue singer Vince Neil arrested for drunk driving
German police recover stolen Caravaggio painting
India to spend millions restoring classic movies
Saudi Arabia Moves to Regulate Child Marriages
Football's inspiring role at notorious island prison
Dogs join owners in battle against the bulge
French wines' new export strategy: think "Coca-Cola"
Chocolate terracotta warriors to hit Taiwan art show
Stevie Wonder cheers up Glastonbury after football failure
Motley Crue singer Vince Neil arrested for drunk driving |
U.S. v Ghana tie most-watched soccer game in U.S. history |
100 foreign troops die in Afghan war in June
US busts 'deep-cover' Russian spy ring
Furious US lawmaker blocks Afghan aid
U.S. missile strike kills 6 militants in northwestern Pakistan |
Baidu to hire U.S. engineers to work in China
Britain, France, Germany use torture intel: HRW
Rare white elephant caught in Myanmar
Israeli mission complains over Egypt press cartoon
North Korean heir apparent elected to assembly: reports |
HP cuts contractor use for printer growth
Two held over failed break-in at French imam's home
Oprah tops Forbes celebrity 'power list'
Iran freezes nuclear talks for two months
Chrome unseats Safari as 3rd popular Internet browser
Taiwan and China sign historic trade pact |
US cracks 'deep-cover' Russia spy mission, arrests 10
US Admits Koreas Are Officially Still At War, Looks Into North’s Actions
Business ideas may be patentable, US Supreme Court says
100 foreign troops die in Afghan war in June
US presses farmers to reduce antibiotics use
Striking workers force closure of Madrid metro |
"Jimmy Kimmel Live" Features Numerous "Twilight" Guests During "Eclipse" Premiere Week
U.S. Supreme Court Extends Gun Rights To All States, Cities
Brazil ease past Chile, set-up Dutch showdown
Amazon adds video to Kindle e-books on iPad-iPhone
Obama Administration Launches New Space Policy Stressing International Cooperation
Australia PM seeks to end mining row, may call poll |
Five top U.S. operators pick Samsung Galaxy S phones
Kyrgyz vote wins 90 percent support, Russia wary |
Era ends as Byrd, longest-serving US lawmaker, dies
Obama endorses plan to boost wireless broadband
Kagan Pledges to be "Modest" as Supreme Court Nomination Hearing Begins
U.S. Markets Finish Slightly Lower As Investors Digest Data, G-20 Comments
Mexico drug hitmen kill state governor candidate |
Peru inventor 'whitewashes' peaks to slow glacier melt
Israeli inquiry into Gaza flotilla raid opens |
Tycoon trio wins control of France's Le Monde
Greeks strike on Tuesday, test government pension reform |
U.S. arrests 10 for allegedly spying for Russia
Tesla stock offering seeks to raise 244 million dollars
Five top U.S. operators pick Samsung Galaxy S phones
US drone strike kills six militants in Pakistan
Senate set to OK Petraeus as U.S. Afghan commander
Baidu to hire U.S. engineers to work in China |
Motorola and Sprint to sell Windows phone to businesses
China struggles to save 107 buried in landslide
System to assess Afghan forces flawed
Five top U.S. operators pick Samsung Galaxy S phones |
N.Korean leader's son working as lawmaker: reports
HP cuts contractor use for printer growth |
Tiger attacks toddler in Indonesian zoo
Sandra Bullock, Jesse James finalize divorce |
Megan Fox marries in Hawaii: report |
CSI showrunners renew deals |
Dr Death admits to fear of death in documentary |
Women rule Forbes' celebrity power list, Gaga makes debut |
Radio Disney to air scripted serial |
Native American actors see new image in Twilight |
Steve Carell resigning from The Office next year |
Method Man pleads guilty to tax evasion |
U.S. top court extends gun rights to states and cities
General McChrystal to retire from U.S. Army-official
Megan Fox marries in Hawaii: report
Australia leadership coup 'not done lightly': MP
Taiwan stocks fall 1 pct; trade deal boost fades
The World's Most Powerful Celebrities
China to stage live-fire military exercises
Longest-serving U.S. lawmaker Byrd dies at 92
Indian Kashmir on the boil again
S.Korea balance of payments hit by market jitters
Minimum and maximum temperatures in Celsius
European firms concerned over China regulations
PAKISTAN
Japan unemployment rises as output slows
Pact to draw China, Taiwan closer than ever
Fiji's neighbours slam media crackdown
North Korean heir apparent elected to assembly
Radio Disney to air scripted serial
NZ household borrowing edges higher in May
Sandra Bullock, Jesse James finalize divorce
S.Korea regains status as world's top shipbuilder
IMF chief says yuan still too low
Steve Carell "resigning" from "The Office" next year
Native American actors see new image in "Twilight"
Method Man pleads guilty to tax evasion
mSpot streams music collections to Android smartphones
Twelve die in Iraq unrest, suicide bombing
No Palestinian state before 2012
Google tweaks China queries, license renewal looms
Russia says U.S. spy charges baseless and improper |
FIFA chief apologises for World Cup errors
Up to 150 Taliban killed in Afghan battle: report
Protest in Greece as general strike snarls travel
China denies military exercise aimed at U.S. |
Stephenie Meyer's "Bree Tanner" Sold Over A Million Copies In The U.S.
UN vehicle shot in Afghan capital, driver wounded
Supreme Court Sides With School Against Religious Exclusion
Father Of Missing Oregon Boy Files For Divorce
Iran says nuclear talks to resume with Brazil, Turkey |
Chicago Cop In Notorious Torture Case Found Guilty Of Perjury
UN vehicle shot in Afghan capital, driver hurt
Witnesses say UN vehicle shot up in Afghan capital
Strikes hit Greece and Spain as ECB deadline looms |
Are UN Sanctions Against Iran Kicking In?
2 Afghan men convicted for heroin trafficking
No Palestinian state before 2012: Israeli minister |
Two Florida Police Officers Killed During Traffic Stop
Steve Carell Resigning From "The Office"
U.S. missile strike kills 6 militants in NW Pakistan
Light Rail Systems Lead To Weight Loss
Special Election To Byrd's Senate Seat Will Be In 2012
Japan, Paraguay vie for World Cup quarter-final spot
"Hot Tub Time Machine" Splashes Onto DVD, Blu-ray
China says can guarantee grip on Tibet forever |
New saliva test 'can detect various cancers'
Philippines' Aquino to probe Arroyo in 'truth commission'
Google switches tack in China before license expires
China denies military exercise aimed at U.S.
Australia's 'Dr Death' guilty of manslaughter
Iraqis seek out private schools to educate children |
China and Taiwan sign historic trade pact
At least 32 feared dead as Ghana mine collapses |
Pakistani stocks edge up in dull trade; rupee flat
Japan's Komatsu to hire Chinese managers
Pakistan expects $970 mln foreign inflows to meet IMF target
Foxconn 'to move China Apple production' as costs rise
South Korea c.bankers wanted tightening signal in May
Google alters China course before licence expires
'Prince of Jihad' given five years in Indonesia
China stocks lower on AgBank's low IPO pricing
Oprah tops Forbes celebrity 'power list'
Pakistan c.bank sells 49.50 bln rupees of T-bills
Google tweaks rerouting in fight for China business |
"CSI" showrunners renew deals
"Dr Death" admits to fear of death in documentary
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01