KO-ed in Korea


During the past four months, Seoul's Central District Court - an imposing tower that looms over its surroundings in the heart of 'new' Seoul, south of the Han river - has provided the setting for a still-unfolding drama that has brought a portion of the local derivatives market to a standstill. An army of small and medium-sized companies - some of them employing as few as 50 people - are queueing up to challenge options-based currency hedges that have left them with losses estimated at 1.285