"Indian and Indonesian Economies Have Little Link with Korean Economy"...Shinhan Inv.
"Indian and Indonesian Economies Have Little Link with Korean Economy"...Shinhan Inv.
  • Korea IT Times (info@koreaittimes.com)
  • 승인 2013.08.23 19:09
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SEOUL, KOREA- Shinhan Investment Corp. published on August 22 a research report arguing that the rising financial instability in India and Indonesia would have a limited impact on the domestic economy, as the south and southeast Asian economies have little trade relationship with Korea.
 Shinhan Investment Corp. analyst Han Beom-ho said, "The combined share of Korea's exports to India and Indonesia in total is 2.1 percent in the first half of this year. The percentage of Korean outgoing foreign direct investment is only 3.0 and 1.3 percent, respectively. A financial crisis in these economies would have only minimal effect on our economy."
 
He also said, "The exodus of foreign investment funds from these two countries seen from early June may not be such bad news for Korea because foreign investors may turn their attention to the Korean financial market."

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