Korea's Finance Ministry said Monday that the recent downgrade of the United States' sovereign credit rating by global rating agency Moody's could increase volatility in global markets and that it would closely monitor market conditions.
Most people who catch Covid-19 in Korea will be forced to shoulder a greater personal burden after the virus is downgraded on Thursday, marking the end of large-scale state support and monitoring of patients.
The won broke the 1,300 mark during intraday trading on Thursday, continuing to weaken against the dollar following the historic downgrade of the U.S. credit rating.
Korea JoongAng Daily Sitemap
