BOK chief says weak won causes crisis of inflation, inequality

SEOUL, Dec. 17 (Yonhap) -- Bank of Korea (BOK) Gov. Rhee Chang-yong said Wednesday that the current won-dollar exchange rate can be described as a crisis in terms of its impact on inflation and inequality, though it does not constitute a financial crisis in the traditional sense.Rhee made the remarks during a press briefing on inflation in Seoul, where he pointed to imbalances in foreign exchange (FX) supply and demand as a key factor behind the weak won and urged the National Pension Service (NPS) to take into account the macroeconomic effects of its overseas investments."The current forei…READ FULL ARTICLE