Tag: korean won

korean won

Latest News

As won nears crisis level of 1,600 to the dollar, jumbo rate hike by BOK looms

Despite strong exports and stocks, the won remains weak amid the strength of the dollar, fueling talks of a substantial rate hike by the Bank of Korea.

2026.6.9

Shin Hyun-song, nominee for the Bank of Korea governor [YONHAP]

Korea has ample dollar liquidity to soften shocks to local currency, says BOK chief nominee

The Korean won has remained relatively weak in recent months, but the country has sufficient dollar liquidity to respond to external shocks, Shin Hyun-song, nominee for the head of Korea's central bank, said Wednesday.

2026.4.15

Most popular

Won and dollar bills are stacked at Hana Bank's offices in Jung District, central Seoul, on April 17. [NEWS1]

Won hits strongest level in a month following cease-fire agreement in Iran war

The won strengthened sharply against the dollar on Wednesday as the United States and Iran agreed upon a two-week cease-fire in their monthlong conflict.

2026.4.8

A banker checks dollar bills at Hana Bank's Counterfeit Notes Response Center in Seoul on March 31. [YONHAP]

Currency contraction: Foreign funds fall $5 billion in February

Korea's foreign currency deposits fell by nearly $5 billion in February to $98.53 billion, primarily driven by corporate withdrawals.

2025.3.31

Stop fueling uncertainty in the exchange market (KOR)

Lee's idea of gaining popularity at the expense of damaging the public finance and national credibility won’t please that many people.

2024.4.19

Stop fueling uncertainty in the exchange market

Lee's idea of gaining popularity at the expense of damaging the public finance and national credibility won’t please that many people.

2024.4.18

A screen in Hana Bank's trading room in central Seoul shows the stock market price as it opens on Wednesday. [YONHAP]

Kospi opens lower following Wall Street's overnight losses

Stocks opened a tad lower Wednesday, tracking overnight losses on Wall Street.

2024.3.27

A screen in Hana Bank's trading room in central Seoul shows the local currency closing at 1,349.3 won against the dollar on Wednesday. [NEWS1]

Won plummets as investors flock to safe-haven dollar

The value of the won is plummeting as investors seek the safety of the dollar, adding pressure to the Korean economy already strained by high interest rates and oil prices.

2023.9.27

A bank employee sorts out yen banknotes at Hana Bank's Counterfeit Notes Response Center in Jung District, central Seoul, on Tuesday. The value of 100 yen against the local currency fell to its lowest point for this year at 894.1 won during morning trading hours, according to Hana Bank. The previous 2023 low was on Aug. 1 when 100 yen traded at 895.18 won. [YONHAP]

Yen pals

The value of 100 yen against the local currency fell to its lowest point for this year at 894.1 won during morning trading hours, according to Hana Bank.

2023.9.19

Falling foreign exchange

Pedestrians walk past a foreign exchange in Myeong-dong, central Seoul, on Tuesday. The local currency closed at 1,330.9 won against the dollar on Monday to finish above the 1,300 mark for the first time since May 18.

2023.8.15