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S. Koreans’ Purchase of Japanese Yen Up Nearly Fivefold in May

S. Koreans’ Purchase of Japanese Yen Up Nearly Fivefold in May

SEOUL, June 18 (Korea Bizwire) — South Koreans’ combined purchase of the Japanese currency at local banks jumped nearly fivefold in May from a year earlier, data showed Sunday, as more people took advantage of a weaker yen. The amount of Japanese currency sold at the country’s four major banks came to 30.16 billion yen [...]

Hyundai Motor Group Faces Challenging 2017

Hyundai Motor Group Faces Challenging 2017

SEOUL, Dec. 23 (Korea Bizwire) – Executives from Hyundai Motor Group have expressed concerns for 2017, mainly from the stagnant global automotive industry and a strong comeback from Japanese automakers buoyed by the low Japanese yen.  During a seminar on Thursday outlining the global automotive industry prospects for 2017  hosted at company headquarters in southern [...]