T*****e
发帖数: 799 | 1 No more discount from Korean carmakers? The right to print money is the king
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The won has been appreciating against both the U.S. dollar and the Japanese
yen as both the countries have implemented easy monetary policy to revive
their economies. The won gained roughly 8% (biggest since 2009) against the
dollar in 2012.
Meanwhile, the yen fell 11% against the dollar. This is bad news for Hyundai
, as it will give a way to its Japanese competitors, including Toyota Motor
Corp. (TM), Honda Motor Co. (HMC) and Nissan Motor Co. (NSANY), to win
market share. Japanese automakers mainly sell imported cars in South Korea,
which are manufactured in the U.S., to benefit from the free trade agreement
between Seoul and Washington. |
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