South Korean entertainment is (K-pop, K-drama etc.) is helping to increase the North American demand for Korean goods more broadly. 

1. Consider the following questions: Imagine that one month ago (Feb. 28, 2023) you entered into a forward contract to sell 1,000,000,000 Won at the forward rate equivalent to the spot rate one month ago. What was the exchange rate specified in the forward contract? Are you better or worse off today having entered this forward contract? Why?(please use this link for the reference https://fred.stlouisfed.org/series/DEXKOUS)

2. If last year (March 28, 2022) a South Korean company had entered into a forward contract to buy 50,000 pounds of copper at the current spot rate from a Canadian producer for delivery this year (March 28, 2023), Are they better or worse off having entered this forward contract? Explain. (Copper Futures) 

3.South Korean K-Pop Group Ateez is planning an American tour. They are currently selling tickets, but will not receive their USD earnings from the promoter until the end of the tour in December 2023. What could Ateez do to limit their FX risk? Be specific. 

4.What are the advantages and disadvantages in using forward contracts to hedge?