"Indian and Indonesian Economies Have Little Link with Korean Economy"...Shinhan Inv.

 Shinhan Investment Corp. analyst Han Beom-ho said, "The combined share of Korea's exports to India and Indonesia in total is 2.1 percent in the first half of this year. The percentage of Korean outgoing foreign direct investment is only 3.0 and 1.3 percent, respectively. A financial crisis in these economies would have only minimal effect on our economy."

 

He also said, "The exodus of foreign investment funds from these two countries seen from early June may not be such bad news for Korea because foreign investors may turn their attention to the Korean financial market."