South Korean Won Archives | Be Korea-savvy

South Korean Won Plunges Amid Domestic Unrest, Raising Economic Concerns

SEOUL, Jan. 13 (Korea Bizwire) — The South Korean won experienced a sharp decline last month, mirroring the drop in Russia’s ruble amid ongoing conflict, according to recent data. This currency depreciation, driven by the December 3 martial law incident, has heightened concerns over inflation in a country heavily reliant on imports. As the high exchange [...]

South Korean Won Expected to Remain Stable Despite U.S. Policy Tightening

SEOUL, June 16 (Korea Bizwire) – South Korea’s won currency is likely to remain steady for the time being, despite U.S. Federal Reserve’s move to tighten its monetary policy, analysts here said Friday. The won has risen 6.9 percent against the U.S. dollar so far this year, and the local currency market showed a muted [...]