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Tag - won

 
 

WON

Foreign exchange dealers work inside the Woori Bank trading room in Seoul.
BUSINESS / Markets
Jul 3, 2026
South Korea opens 24-hour won trading at a fraught moment
The launch onto the global stage is taking place just as the won is revisiting low levels last seen in 2009, which leaves the currency and economy more open to speculators.
The won fell on Wednesday and was a whisker away from 1,536.95 per dollar, the lowest level since 2009.
ASIA PACIFIC
Jun 4, 2026
South Korea pledges action to curb volatility as won nears 2009 low
South Korea joins authorities in Indonesia and the Philippines in stepping up measures to defend currencies as elevated oil prices hurt the region¡¯s importers.
Newly appointed Bank of Korea Gov. Shin Hyun Song arrives at the central bank in Seoul on Tuesday.
BUSINESS / Economy / FOCUS
Apr 21, 2026
Taking Bank of Korea helm, crisis-era veteran pursues ambitious won overhaul
As Shin Hyun Song takes the helm of the Bank of Korea, the economist is taking on an ambitious task: making the won a global currency without jolting capital flows.
An electronic board displays the Korea Composite Stock Price Index, the exchange rate between the U.S. dollar and South Korean won, and the Korea Securities Dealers Automated Quotations at the dealing room of a bank in Seoul on Monday.
BUSINESS / Markets
Feb 5, 2026
South Korea¡¯s fight for FX stability undermined by its Wall Street mania
The record appetite of Korean retail investors for U.S. stocks is fueling dollar demand as the won languishes at 17-year lows.
South Korean 50,000 won banknotes are prepared at the Bank of Korea headquarters ahead of the Lunar New Year in Seoul on Jan. 14.
BUSINESS / Markets
May 12, 2025
Seeking emerging currency bargains, investors take fresh look at Asia
Asian currencies are finding their cheapness has become an asset as traders seek to capitalize on the dollar¡¯s eroding premium status.
U.S. President Donald Trump said Monday that if Japan and China try to weaken their currencies and put the United States "at a very unfair disadvantage," he could impose fresh tariffs on them.
BUSINESS / Economy
Mar 4, 2025
Trump, claiming Japan guiding yen lower, hints at fresh tariffs
Trump said that if Tokyo tries to weaken its currency and put the U.S. ¡°at a very unfair disadvantage,¡± he could unleash more measures.
Copies of a special edition of the JoongAng Ilbo newspaper, featuring a front page report on South Korean President Yoon Suk Yeol's impeachment, on a street in Seoul on Saturday
BUSINESS / Markets
Dec 16, 2024
South Korea¡¯s won and stocks take spotlight after impeachment vote
South Korea¡¯s won will be the main focus for traders, after its heavy losses during the country¡¯s recent political chaos.
Choi Sang-mok, South Korea's finance minister, during an interview in Seoul on Thursday
BUSINESS / Markets / ANALYSIS
Dec 6, 2024
In South Korea¡¯s crisis playbook, currency stability is paramount
In the four decades since South Korea was last under martial law, the nation has significantly evolved its systems to focus on ensuring economic stability.
South Korea¡¯s currency recovered while its stocks fell Wednesday as investors braced for prolonged political uncertainties following a brief decree of martial law by President?Yoon Suk Yeol.
COMMENTARY / World
Dec 5, 2024
Capitalism is the unsung hero of South Korean democracy
Capitalism, with its economic pressures and global integration, has been crucial in fostering democracy in South Korea.
South Korea's economy is one of the world's most advanced by many metrics but has been unable to shake its classification as an emerging market due to a host of issues, including the way its currency is managed.
BUSINESS / Markets
Mar 25, 2024
South Korea¡¯s push to make its markets global dogged by FX history
The export powerhouse is struggling to loosen the tight currency restrictions that have been a major pain point for investors and traders in the country.
BUSINESS / Economy
Jun 15, 2023
Japan and South Korea to revive currency swap pact
The two sides will seek to agree on such a pact at a meeting between their finance ministers to be held in Tokyo on June 29, sources have said.
Japan Times
BUSINESS
Jun 9, 2023
Japan and South Korea may discuss currency swap deal but caution lingers
The currency swap could be on the agenda at a bilateral finance dialogue that is expected to be held in Tokyo later this month.
BUSINESS / Economy
May 5, 2015
South Korea fires warning shot at Japan over won-yen rate
South Korea¡¯s top currency official has fired a warning at Japan: his nation has stepped up scrutiny of the yen¡¯s tumble against the won after damage to exporter earnings.

Longform

For many people, utility poles and power lines have become such a familiar part of Japan¡¯s landscape that they often go unnoticed.
Why Japan¡¯s utility poles won¡¯t be disappearing anytime soon

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