Korean Won Headed Up, Despite Unwinding of Carry Trade

http://www.forexblog.org/2009/12/korean-won-headed-up-despite-unwinding-of-carry-trade.html
Instead, investors have been flocking to Korea for the economic fundamentals. Despite an appreciating currency, Korea’s trade surplus is on pace to hit a record $45 Billion this year, with a healthy $15-20 Billion forecast for 2010.