(MENAFN) South Korea's government raised its concerns about the possible negative impact of the yen's renewed weakness on its export industries, The Peninsula Qatar reported.
Analysts suggest that South Korean companies should turn the yen's weakening into an opportunity to boost capital investment at home and strengthen their competitiveness.
South Korea relies heavily on Japan for imports of machinery and other equipment for use at its domestic plants and Ahn was referring to the falling cost of Japanese products when converted into the dollar or won.
"Companies need to actively utilize the 'low-yen situation' as an opportunity to increase investment, banking on the falling prices of Japanese-made capital goods," a top presidential economic policy advisor said.
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