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market stabilization News

Korean Won-Dollar Exchange Rate Surges to 1,450 Won Amid Fed's Rate Cut Adjustment

James Carter 19 Dec, 2024

The Bank of Korea announces readiness to stabilize markets as the won-dollar exchange rate surpasses 1,450 won due to the U.S. Federal Reserve's adjustment in the pace of interest ...

Market

South Korea's KOSDAQ Tumbles Over 5% Amid Political Turmoil and Currency Crisis

Christopher Adams 10 Dec, 2024

South Korea's KOSDAQ experiences a significant drop of over 5% due to political instability and an impeachment crisis involving President Yoon Suk Yeol. The won also hits its lowes...