Finance chief says incentives for reshoring stock investments will improve foreign exchange rate

Finance Minister Koo Yun-cheol said Friday offering tax incentives to encourage offshore-bound investments to return to the domestic stock market will help improve foreign exchange supply and demand.

2026-04-03

WGBI inclusion offers little relief for weak won as return to pre-war conditions remains elusive

Korea's inclusion in the FTSE World Government Bond Index, a long-sought goal, but the expected capital inflow boom has taken a hit as markets remain volatile on the back of the Iran war, and are projected to remain so for some time.

2026-04-01

Won hits 17-year low as surging energy prices, Fed hawkishness rattle market

The won closed above the psychological threshold of 1,500 against the dollar on Thursday, marking the first time it has done so since the global financial crisis 17 years ago.

2026-03-19

Gov't verbally intervenes to stabilize markets amid Iran war tensions, U.S. rate freeze

The government verbally intervened to stabilize Korea's financial markets on Thursday amid escalating tensions in the Middle East and a rate freeze by the U.S. Federal Reserve in Washington on Wednesday.

2026-03-19

Won flirts with crisis-era levels, adding to inflation strain amid escalating Middle East conflict

The escalating Middle East conflict is driving the dollar-won exchange rate toward historic levels, breaching the key 1,500 threshold three times over the past two weeks, giving rise to concerns about a new norm as long as the turmoil persists.

2026-03-18

BOK, Swiss National Bank extend currency swap agreement through March 2031

The Bank of Korea and the Swiss National Bank renewed the won-franc bilateral swap agreement, extending the deal through March 2031, said Korea’s central bank on Monday.

2026-03-09

U.S. puts Korea back on currency watchlist, makes rare remarks on weak won

The United States has again put Korea on its currency monitoring list, maintaining its decision made last June and adding another burden at a time when the two countries are already at odds over follow-up steps to a tariff deal.

2026-01-30

U.S.-Japan intervention threat lifts won to this year's high

The won strengthened to its strongest level this year on Monday, driven by signs of a potential U.S.-Japan joint intervention on the weak Japanese yen, which often moves in tandem with the won.

2026-01-26

24-hour forex trading is coming. Who is winning: Korea or Wall Street?

Korea’s push for around-the-clock currency trading could bring the country closer to “developed market” status, but experts warn that the move is a double-edged sword that could trigger greater outflows of foreign capital.

2026-01-20

BOK signals an end to rate cut cycle as won shows sustained weakness

The Bank of Korea (BOK) signaled an end to the rate-cut cycle on Thursday amid concerns over a persistently weak won and escalating housing prices as it kept the benchmark rate steady at 2.50 percent.

2026-01-15

korea joongAng daily