Korea Seeks Unlimited Currency Swap with US: A Risky Proposition?
Korea Requests Unlimited Currency Swap from U.S. Government, and the implications are significant. This request, a demand for a potentially massive currency swap agreement, immediately raises eyebrows, as these kinds of arrangements are typically reserved for times of extreme financial distress, much like the 2008 global financial crisis or the more recent challenges of the COVID-19 pandemic. The fact that South Korea is seeking this now suggests they’re facing some significant hurdles in their plans to invest heavily in the United States.
At its core, the issue revolves around South Korea’s commitment to invest a substantial sum, reportedly around $350 billion, in the U.S.… Continue reading
Matt Underwood