casts for 2017 anticipate deterioration in Korea’s current account surplus compared to marginal improvement in Russia’s. Recent issues at Samsung and Hanjin pose risks for the goods and service balances, respectively. Electronics account for 30% of Korea’s exports. While a stronger dollar and energy de- r

al policy could push Asia growth higher. « The recent sell off in KRW vs USD from 1100 to 1150 is indicative that domestic concerns around politics, Hanjin shipping troubles and Samsung related issues seems to have been largely priced in. As a result, we believe that any additional domestic negative news