Tag: yuan

yuan

Latest News

Korean currency, markets increasingly mirror Japan as they drift from China, U.S.

Korea’s market is breaking from longstanding patterns, moving more in step with the Japanese yen and Japanese equities while leaving behind its former ties to the Chinese renminbi and U.S. stocks.

2026.3.30

An electronic board shows Shanghai stock indices as people walk on a pedestrian bridge in the Lujiazui financial district in Shanghai on March 2. [REUTERS/YONHAP]

Hong Kong, China stocks tumble as Middle East conflict knocks Asian markets

Hong Kong stocks hit six-month lows while China shares wiped out this year's gains on Monday as the escalating war in the Middle East sent oil prices soaring and dampened risk appetite in markets across Asia.

2026.3.9

Most popular

Banknotes of Chinese yuan and U.S. dollar are seen in this illustration. [REUTERS/YONHAP]

Yuan breaks 7-per-dollar mark as dollar weakens, boosting outlook for Korean won

The Chinese yuan has surged past the “seven yuan per dollar” mark for the first time in 15 months amid a weaker U.S. dollar, potentially signaling gains for the Korean won, which often moves in step with the yuan.

2025.12.27

A Chinese renminbi note is seen in this illustration photo taken on May 31, 2017. [REUTERS/YONHAP]

Korean, Chinese central banks sign renewed $50B currency swap deal

The central banks of Korea and China renewed their currency swap agreement for another five years, with a maximum value of 70 trillion won and extendable by mutual consent.

2025.11.3

Foreign currency rates are displayed at a money exchange shop in Myeong-dong, central Seoul. [YONHAP]

BOK selects 6 local, 5 foreign market maker banks for Korea-China currency trade

The Bank of Korea chose six local banks and five banks in China as market makers for trade of the Korean won and China's currency, the renminbi, next year.

2024.12.26

Chinese yuan is inspected at Hana Bank’s Counterfeit Notes Response Center in Jung District, central Seoul, on Aug. 22. [NEWS1]

China's challenge of the dollar mixed news for Korea

China and a number of other countries are pushing for de-dollarization, in the process making the yuan the fourth most actively traded currency.

2024.2.7

Yuan direction

An exchange rate for yuan is shown on an electric display board at a money exchange in Myeong-dong, central Seoul, Wednesday.

2023.11.22

Falling foreign exchange

Pedestrians walk past a foreign exchange in Myeong-dong, central Seoul, on Tuesday. The local currency closed at 1,330.9 won against the dollar on Monday to finish above the 1,300 mark for the first time since May 18.

2023.8.15

Bracing for yuan payments pretty soon

China one day will demand paying in yuan for imports from Korea.

2023.5.21

Yuan, dollar and yen bills are stacked in the counterfeit response unit at Hana Bank's main branch in Jung District, central Seoul, in October last year. [YONHAP]

China's slow recovery weakens yuan and won

China's slower-than-expected economic recovery is weakening the yuan. Experts say the slump may drag the won, yuan's proxy, down as well. The won is considered a proxy currency of the yuan because the former typically follows the latter in the...

2023.5.19