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The won had plunged 30% against the greenback this year through Friday, as massive foreign sell-offs in the stock market led to a spike in conversions of won into the dollar (See "Korea Looks After Number Won").
In response, the finance ministry announced it will sell off foreign currency reserves to the tune of several billion dollars over the next month in an attempt to soften the shock to the economy.
As local institutional investors grow in size and confidence, she said, they're more willing to step in as buyers when foreign investors become skittish and sell off shares.
The approach has reignited the debate about whether Britain should sell off important chunks of its infrastructure to foreign buyers.
After the crash, foreign investors either sold off stakes or outright reneged on deals countrywide and only the most stubborn entrepreneurs survived, among them Indiagames, Indiabulls and MakeMyTrip.
They sell off businesses.
Will Daimler sell off Chrysler?
Why sell off Chrysler?
Latin-American bonds sell off.
The bonds will sell off.
Weill looks for assets to sell off.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com