10.10.2008 - Global credit crisis hampers commodities trade in South Korea
From Bloomberg: The global financial crisis has hurt the commodities industry in South Korea, Asia's fourth-largest economy, as banks reduce financing and the currency tumbles to the lowest in a decade. South Korea buys overseas most of its raw materials from copper and grain to oil and coal. The won, Asia's worst performing currency, plunged 50 percent against the dollar this year to a level last seen during the Asian financial crisis, when the nation had to take out a $57 billion emergency loan from the International Monetary Fund..... Full Article: Source
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