1. The South Korean won and Indonesian rupiah have both recently hit 10 - year lows against the dollar.

2. The South Korean won has risen by 42 % since 2002 and the Thai baht by 28 %.

3. Hynix's debt is estimated to reach 9 trillion South Korean won ( 7.5 billion US dollars ).

4. Other Asian currencies such as the Thai baht and the South Korean won are also undervalued.

5. However, rampant inflation has been eroding the North Korean won"s value to such an extent that currently it is believed to be worth about the same as the South Korean won.

6. He has a long list of currencies that could come under severe pressure, which includes the Indian rupee, the South Korean won and the Brazilian real, as well as "most" east European currencies.

7. The renminbi has gained around one third against the South Korean won since early July.