At a job interview for Starbucks Coffee Korea Co., Jeong Eun Suk watched two women break down in tears of joy at being given the chance to work. They had quit to raise children, a path in South Korea from which there are few ways back.
ING Groep NV is the only bank left predicting a 2014 interest-rate cut in South Korea. There may be none soon as the call is reviewed after a Bank of Korea meeting that prompted Goldman Sachs Group Inc. to pull its forecast.
Goldman Sachs Group Inc. recommends selling the South Korean won and the most-accurate forecaster Scotiabank sees possible interest-rate cuts, as exporter earnings are wrecked by currency appreciation.