Korea Joongang Daily
Korea JoongAng Daily

Finance chief says exchange rate will stabilize once Middle East risk eases

Korea's foreign exchange market will stabilize once tensions in the Middle East are resolved, Finance Minister Koo Yun-cheol said.

2026-04-16

Forex volatility likely to ease if Middle East tensions subside, major banks say

Officials from major global investment banks and local lenders said Tuesday that volatility in the Korean foreign exchange market is expected to ease when tensions in the Middle East subside.

2026-04-07

Assembly passes bills to encourage local investment, stabilize foreign exchange market

The National Assembly on Tuesday passed a set of bills aimed at stabilizing the foreign exchange market and providing tax incentives to encourage local investors to return to the domestic stock market.

2026-03-31

Korean currency, markets increasingly mirror Japan as they drift from China, U.S.

Korea’s market is breaking from longstanding patterns, moving more in step with the Japanese yen and Japanese equities while leaving behind its former ties to the Chinese renminbi and U.S. stocks.

2026-03-30

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

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

Gov't closely monitors foreign exchange market following weakening won, Iran crisis: Finance chief

The government is closely monitoring the foreign exchange (FX) market amid the recent weakness of the won, sparked by an external shock, the finance minister said on Wednesday, likely referring to the ongoing U.S. and Israeli strikes against Iran.

2026-03-04

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

As won-dollar disparity grows, so does market anxiety

The government's measures to curb the won’s weakness have so far failed to calm the market as the local currency has sharply depreciated against the dollar. Despite mobilizing the NPS, anxiety over the foreign exchange market has not subsided.

2025-12-23