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strong dollar

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Korea’s Financial Minister Choi Sang-mok, right, and his Japanese counterpart Suzuki Shunichi pose for a photo during a meeting on the sidelines of the G20 Finance Ministers and Central Bank Governors Meeting in Washington on Tuesday. [MINISTRY OF ECONOMY AND FINANCE]

Korea and Japan pledge joint action on exchange rate free fall

The finance ministers of Korea and Japan jointly addressed the recent drastic depreciation of their respective countries' currencies against the dollar, signaling potential market intervention on Tuesday.

2024.4.17

Gas meters on the side of a low-rise residential building in Seoul. The government announced that until end of March the duties on imported LPG and LNG will be lifted to ease the burden on utility bills, especially low-income households that relies on the gas for heat during winter. [YONHAP]

Duties on imported gas dropped to save consumers cash

According to the Ministry of Economy and Finance on Friday, the lifting of duties on imported gas will reduce the monthly gas bill for households by an average of 1,400 won.

2022.10.28

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How to respond to the strong dollar

The Wall Street Journal last Monday carried an article “Dollar’s Rise Spells Troubles for Global Economics” with quotes from Raghuran Rajan, a professor at the University of Chicago’s Booth School of Business and former governor...

2022.9.25

The won back at crisis levels

The weakening of the won stems largely from the external factors of a strong dollar, but its also reflects some domestic conditions. Companies and financial institutions must enhance risk management against volatile exchange rates.

2022.9.15