After the announcement that Brazil will tax foreign inflows to stem the appreciation of the currency versus the dollar. South Korean regulators have stated openly that they not looking to follow in the South American country’s footsteps
“With foreign banks (operating in South Korea) playing an important role in getting dollars into the nation, (imposing such measures) is not easy,” the official, who declined to be named, said.
A task force within the government “has discussed such an issue, suggested by scholars, but hasn’t seriously considered conducting it,” he said.
Nasdaq