Economy

Minister: Authorities Keeping Eye on Weakening Won, to Take Stability Steps if Necessary

Written: 2022-09-07 15:10:09 / Updated: 2022-09-07 15:13:48

Related News

Won-Dollar Exchange Rate Tops 1,380 for First Time in over 13 Years

Economy

POSCO Suspends Pohang Steelworks Operations after Hinnamnor-Inflicted Damage

Written: 2022-09-07 14:39:01 / Updated: 2022-09-07 16:46:44

POSCO Holdings suspended operations at its subsidiary's steelworks facility in the southeast city of Pohang after it suffered flooding ...

Economy

Won-Dollar Exchange Rate Tops 1,380 for First Time in over 13 Years

Written: 2022-09-07 10:35:11 / Updated: 2022-09-07 13:25:17

The won-dollar exchange rate surpassed the one-thousand-380 won mark for the first time in nearly 13 and a half years on Wednesday. On the Seoul ...

Economy

S. Korea's Current Account Surplus Dips, Goods Balance Posts First Deficit in Decade

Written: 2022-09-07 09:35:01 / Updated: 2022-09-07 11:18:06

The country posted a current account surplus for the third consecutive month in July, but saw a sharp decline as the goods balance posted a deficit ...

Economy

Some 13 Tln Won in Corporate Tax Exemptions Expected Next Year

Written: 2022-09-06 15:20:33 / Updated: 2022-09-06 15:33:34

Corporate tax exemptions will amount to some 13 trillion won next year to account for one-fifth of all exemptions. The finance ministry’s tax ...

Economy

Trade Minister to Hold Minister-level Talks with US on IRA

Written: 2022-09-06 10:24:43 / Updated: 2022-09-06 14:54:47

Trade minister Ahn Duk-geun says Seoul plans to launch a minister-level negotiation channel with Washington to redress grievances with the Inflation ...

Economy

Korean Won Plunges to 13-year Low Against US Dollar on Mon.

Written: 2022-09-05 14:40:33 / Updated: 2022-09-05 16:08:46

The Korean won continued its slide against the U.S. dollar on Monday as it hit the one-thousand-370-won mark for the first time in more than 13 years. The ...

Economy

S. Korea's FX Reserves Dwindle by over $2 Bln in Aug.

Written: 2022-09-05 08:59:15 / Updated: 2022-09-05 10:12:12

South Korea's foreign reserves decreased by over two billion dollars in August due to the appreciation of the U.S. dollar. According to the Bank ...

Economy

Trade Minister to Leave for Washington to Take Issue with US Inflation Act

Written: 2022-09-05 08:48:08 / Updated: 2022-09-05 09:03:52

The Ministry of Trade, Industry and Energy said on Monday that trade minister Ahn Duk-geun will depart for a three-day visit to the U.S. later in the ...

Economy

August Food Prices Growth Hits 13-Year High

Written: 2022-09-05 08:28:36 / Updated: 2022-09-05 15:52:10

The average price of food items in South Korea rose at the fastest pace in over 13 years last month amid continuing inflationary pressure. According ...