Tag: us dollar

Weakening won, yielding yen

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.

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.

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.

Bracing for yuan payments pretty soon

China one day will demand paying in yuan for imports from Korea.

Prosecutors raid SBW Group over cash smuggling suspicions

Prosecutors on Monday raided the headquarters of minor conglomerate SBW Group following evidence that the company's employees were involved in smuggling stacks of U.S. dollars into China, possibly with the final destination of North Korea.

Won falls to a new 13-plus-year low against the dollar

The won hit a 13-plus-year low as the currency fell more than 1 percent against the dollar, hitting levels not seen since the global financial crisis.