Foreign exchange
Foreign exchange
S.Korea, Japan seal 3-year $10 bn currency swap deal
Dec 01, 2023 (Gmt+09:00)
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Foreign exchange
Won strengthens past 1,300 mark vs dollar on short-sale ban
The South Korean won continued its bull run on Monday, strengthening past the psychologically important barrier of 1,300 level against the dollar for...
Nov 06, 2023 (Gmt+09:00)
2 Min read -
Foreign exchange
Yen hits 15-year low vs Korean won on less hawkish BOJ
The yen on Friday plunged to the weakest level in more than 15 years against the South Korean won as the Japanese central bank’s recent change ...
Nov 03, 2023 (Gmt+09:00)
1 Min read -
Foreign exchange
S.Korea’s forex reserves dwindle to lowest point in more than 3 years
South Korea’s foreign exchange reserves dropped in October for the third straight month to their lowest point since June 2020, as local authori...
Nov 03, 2023 (Gmt+09:00)
2 Min read -
Foreign exchange
Dollar/won in wildest swing in 13 yrs despite intervention
The South Korean won suffered its wildest fluctuation against the dollar this year since 2010, shrugging off heavy dollar-selling intervention by loc...
Oct 06, 2023 (Gmt+09:00)
3 Min read -
Foreign exchange
Fed-triggered taper tantrum takes toll on Korean financial markets
The South Korean financial markets were roiled by a fresh taper tantrum after the US Federal Reserve chair signaled further tightening last week, tri...
Sep 26, 2023 (Gmt+09:00)
4 Min read -
Foreign exchange
Koreans’ US dollar selling spree continues in anticipation of weaker USD
US dollar investors in South Korea have not backed down from their shorting position of the currency despite the strengthening dollar against the Kor...
Sep 19, 2023 (Gmt+09:00)
2 Min read -
Foreign exchange
Koreans' Japanese yen savings hit record high in July
South Korean investors continued gobbling up the Japanese currency, which has remained weak against the Korean currency after retreating from a one-y...
Aug 25, 2023 (Gmt+09:00)
2 Min read -
Foreign exchange
S.Koreans continue buying spree of sliding Japanese yen
The plunging Japanese currency has stepped up South Koreans’ bargain-hunting, posting record highs in the balance of the yen-denominated deposi...
Aug 10, 2023 (Gmt+09:00)
1 Min read -
Foreign exchange
S.Korea, Japan to resume bilateral currency swap for dollars
South Korea and Japan are set to revive their bilateral currency swap line to bolster their dollar liquidity this week after an eight-year suspension...
Jun 28, 2023 (Gmt+09:00)
3 Min read -
Foreign exchange
Yen’s plunge spurs bargain-hunting in Korea; savings fastest in 6 years
The sliding yen is prompting South Koreans to go bargain-hunting for the Japanese currency in the wobbly financial market as yen-denominated deposits...
Jun 23, 2023 (Gmt+09:00)
2 Min read -
Foreign exchange
Yen breaches key level vs Korean won to hit 8-year low
The Japanese yen on Monday extended losses against the South Korean won to touch an eight-year low, briefly breaching a psychological support line af...
Jun 19, 2023 (Gmt+09:00)
1 Min read -
Foreign exchange
Foreign buying of Korean stocks, bonds at record high, boosting won
Foreigners bought a record $11.43 billion in South Korean stocks and bonds in May, boosting the value of the won versus the dollar amid the greenback...
Jun 13, 2023 (Gmt+09:00)
2 Min read -
Foreign exchange
S.Korea to discuss bilateral currency swap with Japan
South Korea plans to discuss with Japan the re-establishment of their bilateral currency swap line, said its finance minister on Thursday, as the dip...
Jun 09, 2023 (Gmt+09:00)
2 Min read -
Foreign exchange
S.Korea to ease regulations for foreign investor in domestic market
South Korea is set to raise the annual cap for individuals' overseas fund transfers without prior notice from $50,000 to $100,000, thereby easing the...
Jun 08, 2023 (Gmt+09:00)
2 Min read -
Foreign exchange
Korean won near 5-month low despite weak dollar; outlook dark
The South Korean won fell to the weakest level in almost five months, underperforming other currencies despite a softer dollar, as sluggish fundament...
Apr 21, 2023 (Gmt+09:00)
4 Min read -
Foreign exchange
Korea won sees largest drop in 1 month on hawkish Powell
The South Korean won currency on Wednesday suffered its largest depreciation in more than a month as Federal Reserve Chairman Jerome Powell signaled...
Mar 08, 2023 (Gmt+09:00)
2 Min read -
Foreign exchange
S.Korea-Indonesia central banks renew currency swap agreement
Central banks of South Korea and Indonesia renewed a bilateral local currency swap arrangement to keep supporting trade and financial cooperation for...
Mar 06, 2023 (Gmt+09:00)
1 Min read -
Foreign exchange
S.Korean won near 2-month low as US data fans Fed hike views
The South Korean won skidded to a near two-month low on Friday as hotter-than-forecast US inflation data added to expectations that the Federal Reser...
Feb 17, 2023 (Gmt+09:00)
2 Min read -
Foreign exchange
S.Korea doubles undocumented overseas remittance limit to $100,000
South Korea as early as June will double its annual limit on overseas remittance without evidential documents from $50,000 to $100,000.The Ministry o...
Feb 10, 2023 (Gmt+09:00)
1 Min read -
Foreign exchange
S.Korea to allow offshore investors to directly trade won
South Korea is set to allow offshore investors to directly trade the won and extend the operating hours of the local currency market from July next y...
Feb 07, 2023 (Gmt+09:00)
2 Min read -
Foreign exchange
S.Korea-Australia renew $8.1 bn currency swap deal for 5 years
The Bank of Korea (BOK) and the Australian Central Bank have agreed to extend the valid date of the current Australian dollar/won currency swap contr...
Feb 07, 2023 (Gmt+09:00)
1 Min read -
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)
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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
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