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Reasons for the continuous depreciation of 1 won in 2008 2. Influence on Korean people and enterprises.
1. The global financial crisis led to the withdrawal of foreign capital from South Korea to save the market. In addition, South Korea's economic development has always relied on high debt, and the loan-to-deposit ratio has reached 130%, which is rare in the world. Once foreign capital withdraws and foreign sovereign funds demand repayment of debts, South Korea's financial system will collapse and currency depreciation will be inevitable. At present, South Korea's foreign exchange reserves are more than 200 billion US dollars, and its short-term debt is170 billion.

2. The withdrawal of bank credit funds from South Korea will deal a heavy blow to the capital chain of most enterprises, and a large number of enterprises will close down and the won will depreciate. South Korea is a country that depends on foreign resources. If the currency depreciates, the import cost will rise sharply, which is a major blow to enterprises, so it is not empty talk to say that South Korea is bankrupt online. At present, South Korea seems to be the country with the largest overseas population in China, which is evaded by China's exchange of won for RMB.