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A squeeze for South Korean importers

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  • A squeeze for South Korean importers

    ....South Korean grain, metal and oil importers are struggling to keep commodities flowing into the nation's economy as they face a constricted global credit market, a domestic dollar squeeze and tumbling won revenues. Reeling from that potent triple whammy, buyers of raw materials say their plight is worse than the troubles facing other big importers from Japan to Europe, but has been forgotten by a government focused more on its export-oriented companies and on taming the domestic turmoil caused by the global crisis.
    As a result, some importers are considering running down inventories or tapping government stockpiles to keep production going, one of the starkest signs of how the financial crisis is starting to take a toll on commodities trade......


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