The market’s cold reality is shattering the illusion that South Korea has finally caught up to Japan.
“South Korea and Japan are now on equal footing.”
This sense of confidence once permeated the consulting firms of Seoul.
Today, however, that confidence has been replaced by a growing sense of unease.
For years, the exchange rate has hovered around a 1:10 ratio—100 Yen to 1000 Won—suggesting a symbolic parity.
But a closer look at the anatomy of this “linked” movement reveals a stark structural divide: the “Super-Stability” of Japan versus the “Tightrope Act” of South Korea.
