Tag: currency
Seoul closely monitoring the won’s decline
South Korean financial authorities said Thursday they are closely monitoring the recent weakening of the South Korean won. The local currency closed at 1,191.5 won against the U.S. dollar on […]
Korean won sinks to 2-year low on weak Q1 growth
South Korea’s won currency fell to a two-year low against the U.S. dollar on Thursday as the nation’s economy unexpectedly contracted in the first quarter and the dollar remained strong […]