This blog has taken some grief for its analysis regarding the Korean Won, the Japanese Yen, and the fact that Korean chaebol have done well in no small part due to the incredible Yen strength.
Let’s take a look, shall we?
The KOSPI hasn’t moved over this last two years.
Now, this is the Nikkei (Japanese stock market), which is now at a 5-year high.
And now, the punchline: this is the KRW/JPY exchange rate. The lower the number, the stronger the Korean Won, compared to the Japanese Yen.