Foreign exchange
Foreign exchange
Korea won sees best day in nearly 14 yrs, may be climbing from bottom
Nov 11, 2022 (Gmt+09:00)
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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 -
Foreign exchange
Korean won touches 18-month low as Fed may raise rates sooner
South Korea’s won currency hit a 1-1/2-year low as the US Federal Reserve signaled the central bank may raise interest rates sooner than expect...
Jan 06, 2022 (Gmt+09:00)
2 Min readlanguage -
Foreign exchange
Won hits 15-month low as global inflation woes spur equity outflow
The South Korean won weakened past the psychologically important 1,200 per dollar mark for the first time in 15 months as growing worries about globa...
Oct 12, 2021 (Gmt+09:00)
3 Min readlanguage -
Foreign exchange
Korea stocks, won tumble as foreigners dump $1 bn in equity futures
South Korean stocks and the won currency lost ground with the main Kospi ending below the 3,100 mark for the first time in five weeks as foreign inve...
Sep 28, 2021 (Gmt+09:00)
2 Min readlanguage -
Foreign exchange
Record ‘Sell Korea’ knocks down stocks, won
Fears are growing over ‘Sell Korea’ as foreign investors dumped the country’s stocks at a record high, pushing down the won currenc...
Aug 19, 2021 (Gmt+09:00)
3 Min readlanguage -
Foreign exchange
Tumbling won adds to Bank of Korea rate hike views
The South Korean won skidded to an eleven month-low as foreign investors extended a selling spree in the local stock markets, adding to expectations ...
Aug 17, 2021 (Gmt+09:00)
1 Min read -
Foreign exchange
Korean won at 11-month low as foreigners dump $6.1 bn in stocks this week
The South Korean won tumbled to a near 11-month low as foreign investors dumped $6.1 billion in local stocks this week much more than their total sel...
Aug 13, 2021 (Gmt+09:00)
1 Min readlanguage -
Foreign exchange
Korean won off 29-month high on government warning
The South Korean won suffered its biggest daily loss in five months against the dollar on Nov. 19, after Finance Minister Hong Nam-ki stepped up warni...
Nov 19, 2020 (Gmt+09:00)
2 Min read -
Foreign exchange
How the Biden win will affect the won-dollar exchange rate
The won-dollar exchange rate, which has been declining since the breakout of the COVID-19 pandemic, is falling faster since Joe Biden was elected as ...
Nov 15, 2020 (Gmt+09:00)
4 Min read -
Foreign exchange
Korean won hits 19-month high; all eyes on US election
The South Korean won is riding high against the dollar amid expectations of a new US stimulus package, as presidential candidate Joe Biden’s lik...
Oct 21, 2020 (Gmt+09:00)
2 Min read
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