Tag: Won

Kospi sinks over 5% as investors lock in gains

Samsung, SK hynix shares slid over 8 percent in the first session after the bourse posted a record jump of nearly 18 percent on Friday.

Won posts biggest monthly gain since 2009 following SK hynix inflows

The won was quoted at 1,424 against the dollar on Friday, up 125.4 won from the end of June, the largest monthly gain since March 2009.

Won’s competitiveness gauge hits 17-year low

The Korean won’s inflation-adjusted value against major trading partners fell in June to its weakest level since 2009 as the U.S. dollar stayed strong.

Korean won gains sharply against yen as SK hynix inflows, rate hike lift currency

The won has climbed more than 5 percent against the yen in three weeks, reaching its strongest level against the Japanese currency since Nov. 22, 2024.

"외환보유액 더 쌓지 않으면 외환위기 재발할 수도" 경제학자 경고

Weak won helps foreign shoppers lift Korean department store sales

A weaker won, rising tourism and demand for K-beauty and luxury goods are pushing foreign spending at Korea’s top department stores toward 1 trillion won each this year.

Kospi jumps 2.52 percent on chip rally, won rises

Seoul shares closed higher Friday as semiconductor gains lifted the benchmark for a second straight session, while the Korean won strengthened against the dollar.