BOK chief says won more resilient, US investment manageable

Bank of Korea Gov. Shin Hyun-song said the won had become more resilient to external shocks and that South Korea’s planned investment in the United States should have a manageable impact on the currency. “We have gained some control over the exchange rate and are well prepared for whatever shocks may come,” Shin told reporters Friday after attending the Jackson Hole Economic Policy Symposium in Wyoming for the first time as BOK governor. He cited the BOK’s recent preemptive rate increase and poi