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Quotes from Standard Chartered:
-Korea's GDP growth is healthier than the trade data alone would suggest-real GDP rose 3.7% y/y in Q1-2014, the strongest since Q1 2013. Growth is likely to stabilise around these levels in the coming quarters, but the growth/inflation mix may become more KRW-supportive, as CPI inflation is likely to rebound to 3.4% y/y by Q4-2014 (from 2.1% y/y in March). This, alongside improving exports, may make the BoK a little more tolerant of local FX appreciation in late 2014.
