Article source
Reuters
Article date
Sun, Apr 20, 2014
South Korea came under fresh pressure on Friday to let the won rise faster, when the International Monetary Fund said it was carrying an abnormally big current account surplus and that more dollar purchases would do more harm than good.
The IMF said in a report based on its late 2013 annual policy review that the won was estimated to be as much as 8 percent undervalued, while saying South Korea appeared to have been intervening actively to resist the currency's appreciation.
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