British pound Archives | Be Korea-savvy

Burberry Korea’s Price Markdown Seen as Too Small, Too Late

SEOUL, Jan. 11 (Korea Bizwire) – The local office of Britain’s luxury brand Burberry recently marked down the price of some of its products to reflect the fallen value of the British pound, but only by a small margin compared with the currency’s depreciation, fashion industry officials said Wednesday. Burberry Korea dropped the local price [...]

Korea’s FX Reserves Dip in Jan.

SEOUL, Feb. 4 (Korea Bizwire) — South Korea’s foreign exchange reserves slipped in January from a month earlier as the currency value of the euro and the British pound weakened, data showed Wednesday. The country’s foreign exchange reserves reached US$362.2 billion as of the end of last month, falling $1.4 billion from December, according to Bank [...]