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Business

Soaring Exchange Rate Splits Fortunes of Trade and Travel Industries

Study abroad, outbound travel decline… tourism sector pivots to attract inbound demand The sharp rise in the Korean won–U.S. dollar exchange rate is creating a clear divide...
Local

Korean international students hit by exchange rate surge, Trump’s immigration policy

Korean international students are facing a double blow. Concerns are mounting among Korean international students amid a series of setbacks, including President-elect Donald Trump’s announcement...
Korea

Dollar to won exchange rate is at 1220.3 won

On the 2nd (KST),exchange rate of American dollars and Korean won dropped more than 10 won. On the same day, the exchange rate closed at...
Business

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...
Korea

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...
Business

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...
Business

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...

Rise of Dollar Triggers More Travels Abroad

As the United States dollar continues its rise in value, travel packages for Americans are more in demand than it has been recently. The U.S....

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