Foreign exchange
Foreign exchange
S.Korea-Australia renew $8.1 bn currency swap deal for 5 years
Feb 07, 2023 (Gmt+09:00)
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Foreign exchange
Korean won falls on firm US jobs data, new BOJ head report
The South Korean won currency skidded to a four-week low on Monday as stronger-than-expected US employment data renewed expectations that the Federal...
Feb 06, 2023 (Gmt+09:00)
2 Min read -
Foreign exchange
Korea eyes removal of pre-reporting for forex transactions
South Korea as early as the second half of next year could lift regulations on money transfers abroad that exceed $50,000 per year.Daily foreign curr...
Jan 16, 2023 (Gmt+09:00)
1 Min read -
Foreign exchange
S.Korea to extend trading hours of local forex market
South Korea will extend the trading hours for the local foreign exchange market to attract overseas investors and improve the trading system so that ...
Jan 13, 2023 (Gmt+09:00)
2 Min read -
Foreign exchange
Korean won to stay weaker than profitable levels – poll
The South Korean won was expected to stay weaker than levels for corporate profits this year as the local currency was likely to stay under pressure ...
Jan 02, 2023 (Gmt+09:00)
1 Min read -
Foreign exchange
Korean NPS opens up forex hedging limit to maximum of 10%
South Korea’s mighty state pension fund will hedge foreign exchange risks for up to 10% of its overseas investment for a limited period. The Na...
Dec 18, 2022 (Gmt+09:00)
1 Min read -
Foreign exchange
Korea's foreign exchange reserves last month see first rise in 4 months
Korea last month saw its first rise in foreign exchange reserves in four months amid monetary authorities selling the greenback to avert a sharp depr...
Dec 05, 2022 (Gmt+09:00)
1 Min read -
Foreign exchange
Korea won near 5-mth high as Powell signals slower hikes
The South Korean won currency hit a near 5-month high on Thursday as US Federal Reserve Chairman Jerome Powell suggested a slowdown in its tightening...
Dec 01, 2022 (Gmt+09:00)
2 Min read -
Foreign exchange
Korean exporters suffer FX derivate losses on weak won
More South Korean exporters suffered massive losses from foreign exchange derivatives on a weaker won, failing to benefit from the unit’s depre...
Nov 17, 2022 (Gmt+09:00)
3 Min read -
Foreign exchange
Korea won sees best day in nearly 14 yrs, may be climbing from bottom
The South Korean won currency on Friday reported the largest daily gain in almost 14 years as lower-than-expected US inflation data bolstered expecta...
Nov 11, 2022 (Gmt+09:00)
2 Min read -
Foreign exchange
Korea won hits 2-month high on US election, China hopes
The South Korean won on Wednesday hit a two-month high on expectations that a victory by the Republicans in the US midterm elections may slow the Fed...
Nov 09, 2022 (Gmt+09:00)
2 Min read -
Foreign exchange
NPS emerges as savior of Korea’s ailing won currency
The South Korean state-run National Pension Service (NPS) has been spotted selling dollars for won, supporting the ailing local unit, as the world&rs...
Oct 20, 2022 (Gmt+09:00)
1 Min read -
Foreign exchange
Falling won yet to cool Koreans’ fever for overseas travel
The South Korean won has continued its decline to hit lows not seen since the 2008-09 global financial crisis on sustained concerns of an economic do...
Sep 28, 2022 (Gmt+09:00)
2 Min read -
Foreign exchange
Korean won at fresh low since global financial crisis as markets crash
The South Korean won on Monday extended losses to a fresh low since the 2008-09 financial crisis as local financial markets lost ground, alongside th...
Sep 26, 2022 (Gmt+09:00)
2 Min read -
Foreign exchange
Korea FX authorities, NPS agree on currency swap; won flat
South Korea’s foreign exchange authorities and the state-run National Pension Service (NPS) agreed to open a currency swap line for the first t...
Sep 23, 2022 (Gmt+09:00)
3 Min read -
Foreign exchange
Korean won rebounds on estimated $2 bn intervention
The South Korean won rebounded on Friday as the foreign exchange authorities were suspected of selling some $2 billion, showing its determination to ...
Sep 16, 2022 (Gmt+09:00)
2 Min read -
Foreign exchange
S.Korea may have spent over $700 mn to support ailing won
South Korea was estimated to have dumped more than $700 million on Thursday to support the ailing won currency as it risked breaking through the psyc...
Sep 15, 2022 (Gmt+09:00)
3 Min read -
Foreign exchange
Tumbling Korean won increases corporate debt burden
The South Korean won extended its losses to hit its weakest level since the 2008-09 global financial crisis on Wednesday, pressured by higher-than-ex...
Sep 14, 2022 (Gmt+09:00)
3 Min read -
Foreign exchange
Hedge funds’ speculative trade blamed for won’s drop: Dealers
Global hedge funds’ bet on further weakness in the won is blamed for the accelerated decline in the South Korean currency value against the dol...
Sep 13, 2022 (Gmt+09:00)
2 Min read -
Foreign exchange
Korea’s mounting trade deficit knocks won to 13-year low
South Korea’s won has hit the weakest level since the 2008-09 global financial crisis on a mounting trade deficit while growing concerns over t...
Aug 22, 2022 (Gmt+09:00)
4 Min read -
Foreign exchange
Won may head to 1,400 against the dollar for 1st time since 2008-09 crisis
The South Korean won is expected to weaken to 1,400 against the dollar, a level not seen since the 2008-09 global financial crisis as the country&rsq...
Jul 15, 2022 (Gmt+09:00)
3 Min read -
Foreign exchange
Korean won forecast to weaken further after hitting 13-year low
The South Korean won is expected to further depreciate after touching its lowest level since the 2008-2009 global financial crisis, on concerns that ...
Jul 07, 2022 (Gmt+09:00)
2 Min readlanguage -
Foreign exchange
Korea won at 13-year low on recession fears amid tightening
South Korea’s won hit a 13-year low, weakening past the psychologically important 1,300 per US dollar level for the first time since the 2008-0...
Jun 23, 2022 (Gmt+09:00)
4 Min readlanguage -
Foreign exchange
Korea President Yoon to hold emergency meeting over won
South Korea’s new President Yoon Suk-yeol called an emergency meeting as the won currency tumbled to its weakest level since the 2008-09 global...
May 12, 2022 (Gmt+09:00)
2 Min read -
Foreign exchange
Korean won at 2-year low, adding to inflationary pressure
South Korea’s won currency skidded to the lowest level in more than two years on Thursday, adding to fears over growing inflationary pressure i...
Apr 28, 2022 (Gmt+09:00)
2 Min read -
Foreign exchange
Surging dividend outflows to hit Korea's current account balance, won
Dividend payments of foreign companies operating in South Korea have nearly doubled and the repatriation of profit to their headquarters is expected ...
Apr 18, 2022 (Gmt+09:00)
2 Min read -
Foreign exchange
Korea won at three-year high vs yen on rate differentials
South Korea’s won currency on Monday hit its strongest point against the Japanese yen in more than three years on higher interest rates and con...
Mar 28, 2022 (Gmt+09:00)
2 Min read -
Foreign exchange
Korean won extends losses as oil hits 14-year high
South Korea’s won currency skidded to a fresh low in nearly two years as oil prices spiked to a 14-year peak with fears of a prolonged war betw...
Mar 07, 2022 (Gmt+09:00)
2 Min read -
Foreign exchange
Korean won nears 2-year low, adds to inflation woes
The South Korean won currency tumbled to its lowest point in almost two years on Friday, adding to inflationary pressure in Asia’s fourth-large...
Mar 04, 2022 (Gmt+09:00)
3 Min read -
Foreign exchange
Korea to reform FX market to join MSCI developed markets
South Korea is set to reform the local currency market as the country aims to reach MSCI Inc.’s developed market status for its domestic stock ...
Jan 25, 2022 (Gmt+09:00)
3 Min read
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