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Japan’s Earthquake Concerns and Rising Yen Spark Anxiety Among South Korean Tourists

Japan’s Earthquake Concerns and Rising Yen Spark Anxiety Among South Korean Tourists

SEOUL, Aug. 12 (Korea Bizwire) – Recent seismic activity in Japan, coupled with warnings of a potential major earthquake, has begun to cast a shadow over South Korea’s robust tourism to its island neighbor. This unease, combined with the strengthening yen, is leading some in the travel industry to speculate that the boom in Japanese tourism, [...]

‘Super Weak Yen’ Poses New Challenge for South Korean Exports

‘Super Weak Yen’ Poses New Challenge for South Korean Exports

SEOUL, Jul. 5 (Korea Bizwire) – The widening interest rate gap between Japan and the United States has led to a “super weak yen” phenomenon, creating an unexpected hurdle for South Korea’s previously robust export sector. As the U.S. maintains high interest rates, the dollar continues to strengthen, but the yen’s value has fallen more sharply [...]

GMO Internet Holds Internal Testing of Blockchain, Preparing for the Launch of a Japanese Yen-Pegged Stablecoin (Yen-Pegged Currency) “GMO Japanese YEN (GYEN)” in the First Half of 2020

GMO Internet Holds Internal Testing of Blockchain, Preparing for the Launch of a Japanese Yen-Pegged Stablecoin (Yen-Pegged Currency) “GMO Japanese YEN (GYEN)” in the First Half of 2020

TOKYO, Dec. 23 (Korea Bizwire) — GMO Internet (https://www.gmo.jp/en/) holds an internal testing of blockchain, preparing for the launch of a Japanese yen-pegged stablecoin “GMO Japanese YEN (ticker symbol: GYEN; hereinafter, “GYEN”)” in the first half of 2020 outside of Japan, following receipt of all necessary regulatory approvals. GMO Internet’s development and planned launch of [...]

Korean Purchases from German and Japanese Online Retailers Increasing

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 [...]