{"id":8636,"date":"2008-09-18T00:00:00","date_gmt":"2008-09-18T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-customers-on-verge-of-bankruptcy","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2008\/hedge-fund-customers-on-verge-of-bankruptcy.html","title":{"rendered":"Hedge Fund Customers on Verge of Bankruptcy"},"content":{"rendered":"<p>Digital Chosunilbo &#8211; Many companies who bought forex hedge funds are on the verge of going bankrupt as a result of the plunging won. Many who bought Knock-In Knock-out (KIKO) option trading, which protects customers&rsquo; money when the exchange rate fluctuates within a certain range, have suffered losses of several billion won after the Korean currency plunged beyond the range. <\/p>\n<p>According to the Financial Supervisory Service, there are 519 companies on KIKO trading as of the first half of this year, and their total losses amount to W1.478 trillion (US$1 = W1,119). &ldquo;As the won dropped further in recent days, it generated an additional loss of some W400 billion. The total loss this year will tally up to W2 trillion at this point,&rdquo; said Kang Nam-hoon, head of the external cooperation affairs division at the Korean Federation of Small and Medium Businesses, on Wednesday. <\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/english.chosun.com\/w21data\/html\/news\/200809\/200809180010.html\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Digital Chosunilbo &#8211; Many companies who bought forex hedge funds are on the verge of going bankrupt as a result of the plunging won. Many who bought Knock-In Knock-out (KIKO) option trading, which protects customers&rsquo; money when the exchange rate [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[276,2716,2715,257,47,236],"class_list":["post-8636","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-fourth-quarter","tag-hell","tag-international-investment-bank","tag-rubs","tag-third-party","tag-trillion"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8636","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8636"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8636\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}