Korea Joongang Daily
Korea JoongAng Daily

Korea's daily forex trading hit record high in Q1, BOK data reveals

Daily foreign exchange trading by banks in Korea hit an all-time high in the first quarter, driven by increased cross-border trading of stocks and bonds and hedging, central bank data showed Wednesday.

2026-04-29

Won's real effective exchange rate weakens to 17-year low as external pressures mount

The won’s real effective exchange rate (REER) fell to its lowest level since the 2008 global financial crisis as rising oil prices and higher import costs linked to tensions in the Middle East weigh on the currency.

2026-04-27

Kospi surges past 6,500 amid U.S. cease-fire extension with Iran

Korean stocks hit a record high on Thursday, with the benchmark Kospi opening at 6,488.83, a gain of 1.1 percent. The positive sentiment followed the U.S. extending its cease-fire with Iran and strong corporate earnings.

2026-04-23

Finance minister expresses optimism for won stabilization in line with market expectations

Finance Minister Koo Yun-cheol said Friday that the won has been stabilizing against the dollar following its depreciation amid the ongoing U.S.-Israeli war against Iran, expressing hopes that it will align with market expectations.

2026-04-18

Kospi falls over 1.5% as investors process U.S.-Iran cease-fire

The Kospi lost 94.33 points, or 1.61 percent, to 5,778.01 as investors digested different claims by Washington and Tehran on the terms of their two-week cease-fire.

2026-04-09

Dollar-won exchange rate breaks 1,530 during intraday trading for first time since 2008 global financial crisis

The dollar-won exchange rate broke a weak of 1,530 intraday for the first time since the 2008 global financial crisis as fears of a broader Middle East war materialized on Tuesday.

2026-03-31

Korean won falls to 4th-lowest monthly level amid foreign outflows

The won has fallen sharply to its fourth-lowest level against the dollar in March amid a foreign selloff on the stock market, financial data showed Sunday.

2026-03-29

Korean currency rebounds from 17-year low on hopes for Middle East de-escalation

The won strengthened sharply against the dollar on Tuesday, recovering from a 17-year low in the previous session, after U.S. President Donald Trump delayed planned strikes on Iranian energy infrastructure amid talks to end the conflict.

2026-03-24

Won plunges to 17-year low amid Middle East conflict

The Korean won weakened past 1,510 per dollar on Monday, its lowest level in 17 years since the 2008 financial crisis.

2026-03-23

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