South Korea frightened of a currency crisis "Swap strategy" ..

South Korea is accelerating the "currency swap strategy."
"laugh" When allowed to write without choosing language, it kept (impolite).
South Korea will conclude the United Arab Emirates (UAE), Malaysia and Indonesia, and Currency Swap Agreement in October, and also it will be said that Australia aims at swap agreement conclusion.
The feature common to these four nations is a "resource-rich nation."
In short, South Korea has concluded a resource-rich nation and Currency Swap Agreement as "insurance" for importing minimum resources by a fixed exchange rate at the time of a next currency crisis.
First of all, the exchange with foreign currency from domestic currency increases rapidly, and if Currency Swap Agreement does not become even the situation where an exchange rate slumps, it stands on no role.
It is that "import" becomes impossible as to what is troubled by worth of domestic currency slumping.
Since the rate of the export and import to GDP (gross domestic product) of its own country is large especially in the case of South Korea, exchange rate sudden fall becomes a mortal wound in national economy.
Possibly it seemed "if a won slumps and export will become easy."
Although that is right to be sure, both the features of the South Korean economy are things with "much" export and import.
Anyway, in South Korea in 2012, the degree of dependence upon imports has also reached to 46% to 48.5% of export dependence.
That is, South Korea is an economic model which imports and processes resources and capital goods from a foreign country, and exports a product.
Of course, although it has the same model also except South Korea, especially South Korea is the talk [ rate / that the economic activity "imported and exported" accounts for the scale (GDP) of national economy ] relatively that it is large.

That is, in order to export, you have to carry out "importing first" of South Korea.
If an exchange rate slumps by a currency crisis, import of the resources from a foreign country, etc. will become difficult.
Then, in movement It stops having no room to maneuver. , even the export industry which is South Korean major industries becomes that there is nothing.
"-- exchange rate sudden fall -- export competitiveness recovery -- " -- it does not become the said simple talk.
Although the exchange rate of the present South Korean won is an upward tendency, there is a close resemblance between this and the won quantity phase by 07.
The investment (and speculation) from a foreign country pours in, the exchange with a won from foreign currency increases, and an exchange rate goes up.
From the time of there being a certain shock, the flight of capital from which foreign funding raises funds occurs, and a won slumps.
This is a pattern of each time of a South Korean currency crisis.
If the currency swap with a resource-rich nation is advanced at all while distance with Japan and the U.S. opens, the South Korean authorities at least will understand the problem of their own country.
Since the next currency crisis is feared, it is a talk of the "currency swap strategy" of Just because it is afraid
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South Korea frightened of a currency crisis "Swap strategy" ..