euro Archives | Be Korea-savvy

Korean Purchases from German and Japanese Online Retailers Increasing

SEOUL, March 25 (Korea Bizwire) — Due to the weakening euro and yen, Korean shoppers frequently using foreign online retailers are increasingly turning to German and Japanese online stores and away from previously popular American and Chinese options. According to overseas direct purchase agency Malltail, the number of purchases from German online retailers through the agency [...]

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 [...]