← Leaderboard
RC
Rhee Chang-yong
former Bank of Korea governor
First call on the ledger
No calls filed yet. Quotes in curly quotation marks are verbatim; everything
else is a labeled paraphrase. Every call links its original source. Before you trust the call, check the record.
Where they stand
Views on the record but not scoreable bets: no single number and deadline to grade. Shown in their exact words, never scored.
Rhee Chang-yong (former BOK governor) says Korea's FX market is structurally different (flow-driven, net creditor) so won moves should not cause panic
Big message is that please forget about the past history. We are in a structured different effects market, so we don't need to be panicked when exchange moves. We have to adjust to the flexible exchange rate system.
Rhee says small-economy policymakers can smooth FX volatility but cannot steer the exchange rate; only fundamental policy changes can
think as a small economy, I strongly believe that the policymaker has to be humble. In my cases, I can smooth out the volatility, but I cannot steer the effects action. Only fundamental changes of policy can do it.
Rhee calls the chip supercycle a blessing for Korea if it lasts 5-10 years, flagging concentration and geopolitical-windfall risks
It's a blessing. If the supercycle continues more than five, 10 years, definitely they'll help.
Rhee warns Korea's chip advantage could erode quickly if China gets lithography tools or the geopolitical situation changes; conditional
But if the geopolitical situation changes or if the Chinese producers can have the ability to make this lithography equipment, the situation can change very quickly.
Rhee says fiscal expansion plus leveraged AI investment drives rising yields and higher bond yields will persist unless governments rein in spending
unless the government, the advanced economics government, government shows that they can rule these fiscal expenditures, I think this higher bond yield will come.
Follow Rhee Chang-yong
One short email when Rhee puts a new call on the record, and when a verdict lands on one. Plain words, free.