weak Yen Archives | Be Korea-savvy

Number of S. Korean Visitors to Japan Hits Record High

SEOUL, Oct. 25 (Korea Bizwire) — The number of South Korean tourists to Japan has hit an all-time high this year as the yen’s continued weakness makes travel to the neighboring country cheaper, industry data showed Sunday. A total of 2.86 million South Koreans visited Japan in the first nine months of the year, up [...]

Slowing Chinese Economy, Weak Yen and Low Oil Prices Push Korean Exports Lower

SEOUL, Jun. 2 (Korea Bizwire) — Korean exports in dollar value decreased 10.9 percent in May from the same period last year, due to the weakening Yen, slowing economies in the U.S. and China, a loss of competitiveness for Korean companies, and low oil prices. Korean exports have decreased for five months in a row, [...]