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Korean won News

South Korean Won Hits Record High Against USD Since 1997 Financial Crisis

Christopher Adams 31 Dec, 2024

The Korean won-U.S. dollar exchange rate has surged to nearly 1,500 won, the highest since the global financial crisis, with the fourth-quarter average reaching 1,398.75 won. This ...

Economy

Political Crisis Threatens to Prolong Korean Won Instability, Says BOK Governor

Michael Lee 12 Dec, 2024

Bank of Korea Governor Rhee Chang-yong states that the Korean won is unlikely to stabilize soon due to the ongoing political crisis. Financial authorities pledge to mobilize resour...