South Korea will lift restrictions on banks' purchase of domestically issued foreign currency bonds, dubbed “kimchi bonds," as part of policy e...

South Korea’s foreign exchange reserves diminished to the lowest level in nearly five years last month, largely due to the expanded forex swap ...

South Korea’s foreign exchange reserves shrank to a five-year low at the end of last year after the country’s foreign exchange authoritie...

An increasing number of foreign banks without a physical presence in South Korea are gearing up to offer dollar-won conversion services to non-Korean...

The National Pension Service (NPS), South Korea’s state-run pension fund and the country’s largest institutional investor, is set to begi...

The South Korean won is forecast to hover in the mid-1,400s level against the dollar through the third quarter of 2025, according to global investmen...

South Korea will raise the limits on forward dollar purchases and expand the foreign exchange swap line between the National Pension Service (NPS) an...

South Korea’s foreign authorities said on Friday they will ease foreign exchange regulations to allow more dollars into the domestic financial ...

Yen-denominated deposits in South Korea fell in November, dragging down overall foreign-currency savings, as investors took profits from the Japanese...

The South Korean won is expected to stage a rebound from its two-year low against the US dollar and hold steady in 2025 after the impeachment of Sout...

The National Pension Service (NPS), South Korea’s state-run pension fund and the country’s largest institutional investor, has likely inc...

The United States has reinstated South Korea on its foreign-exchange monitoring watchlist, a year after it removed Asia’s No. 4 economy from th...

South Korean banks are set to reshuffle overseas units by promoting local staff to management positions, in a bid to boost the sluggish profitability...

Trading in dollar-backed stablecoins, cryptocurrencies pegged to the US currency, in South Korea hit a record high amid complex and costly currency e...

Hana Financial Group, South Korea’s third-largest financial holding company, is targeting foreign individual customers in the country with a de...

The South Korean won on Monday touched a five-month high as the central bank may not immediately cut its policy interest rate due to rising property ...

Foreign currency deposits in South Korea increased in June, snapping their losing streak over the past five months, with the yen-denominated savings ...

The Korean won is forecast to continue its downward spiral and soften past the 1,400 threshold against the greenback this year, while the Bank of Kor...

The South Korean currency fell to its lowest level against the US dollar in 15 years in the second quarter amid growing uncertainties surrounding glo...

South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, said on Friday it has agreed with foreign exchange ...

Late last year, when the Korean won traded at 1,288 per dollar, most market analysts and economists predicted that the Korean currency would regain ...

The South Korean won currency on Tuesday fell to its weakest level in 17 months, briefly touching the psychologically important 1,400 per dollar leve...

The Korean won weakened to its lowest level in 17 months against the dollar on Thursday, after stronger-than-expected US inflation data dented hopes ...

South Korean retail investors, hunting for bargains, have flocked to shovel in the Japanese currency hovering around its record low value in anticipa...

South Korea’s foreign currency deposits fell for the first time in four months in January as the dollar’s further gains versus the won fr...

South Korea’s fintech platform Toss Bank said on Thursday it has launched commission-free foreign exchange services for the first time as a dom...

Yen-denominated deposits in South Korea slid for the first time in eight months as local investors took profits from the recent gains in the major cu...

Yen deposits at South Korean banks grew by the largest-ever monthly amount in November to a record $9.92 billion, central bank data show, as investor...

The central banks of South Korea and Indonesia agreed to facilitate the settlement of bilateral trade in their currencies from next year as the elect...