Time for won to catch up with Korea’s economic role: Deutsche Bank

Korea accounts for roughly 2 percent of global gross domestic product (GDP), ranks among the world’s largest exporters of advanced manufactured goods and is home to strategically important industries. Yet its currency plays a modest financial role relative to the country’s economic and industrial weight, according to Deutsche Bank, Friday. In two recent Asia thematic strategy notes, the investment bank said Korea sits at the intersection of three key structural forces: ally-shoring, artificial intelligence (AI) infrastructure investment and diversification away from China-related supply risks. These forces are likely to persist for years, directing capital toward industries where Korea already possesses…