Korea needs to monitor emerging markets

SOUTH KOREA - BOK Gov. Korea should pay close attention to developments in Latin American markets to prevent shockwaves reaching the peninsula, Bank of Korea (BOK) Gov. Chon Chol-hwan said on 18 July. Delivering a speech at the Hankyung Millennium Forum held yesterday, he said recent financial turbulence in Argentina and Turkey had sparked fears of adverse effects on other emerging markets.

"If risk management for emerging markets is toughened, it is highly probable that Korea will face diffic