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Bank of Korea signals a change in stance after Fed’s big hike

A board at KB Kookmin Bank in Yeouido shows the won at 1,409.7 won against the dollar on Thursday after weakening 15.50 won...

Yoon and Biden may discuss currency swap at UN next week

Piles of dollars Korea's foreign reserves fell in August as the strong dollar reduced the conversion value of euro and other currency-denominated...

Won’s retreat continues after surprise U.S. inflation reading

The won fell to another decade-plus low on Wednesday following a report of higher-than-expected inflation in the United States.   Korea's currency was trading at...

Bank of Korea’s Rhee nonplussed by Powell’s hawkishness

Bank of Korea Gov. Rhee Chang-yong said the central bank's monetary policy direction remains unchanged following hawkish remarks from the U.S. Fed chief in...

Won renews 13-year low against the dollar on Friday

The won renewed a 13-year low against the dollar on Friday, punching through the 1,320-won mark.   It reached as low as 1,326.10 won, down more...

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