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BUSINESS

Won plummets as investors flock to safe-haven dollar

  The value of the won continues to plummet as investors flock to the dollar as a safe haven currency amid lingering market uncertainties. Korea’s local...
EXCLUSIVE

Won breaks 1,300 mark as markets grow volatile on U.S. downgrade

The won broke the 1,300 mark during intraday trading on Thursday, continuing to weaken against the dollar following the historic downgrade of the U.S....
BUSINESS

Won rises as Fed expected to pause rate hikes

The won slipped below the 1,300 mark on Wednesday for the first time since late March, thanks to a slowing trade deficit and expectations...
KOR-US

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...
KOR-US

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

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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