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New S. Korea leader vows 'pre-emptive' money move

AFP
February 22, 2013, 4:57 pm TWN

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SEOUL -- South Korea's incoming president Park Geun-hye has signalled her administration's willingness to step in to stabilise the won and protect exporters battling a stronger Korean currency and a weaker yen.

Park, who will be formally sworn in on Monday, told business leaders in Seoul on Wednesday that she was “acutely aware” of the importance of currency stability for the South's export-reliant economy.

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