South Korean Won stabilizes after political turmoil scare. The South Korean Won faced sharp declines, hitting a two-year low of 1,443.40 won per U.S. dollar following President Yoon Suk Yeol’s ...

The South Korean unit fell to as low as 1,443.40 won per dollar, the lowest since October 2022, in the aftermath of Yoon declaring martial law. It was last down almost 1% at 1,418.18.

South Korea’s economy is deteriorating, squeezed by political instability and a weakening currency. The won has lost over 12% of its value against the dollar in 2024, making it Asia’s worst ...

The South Korean Won stabilized slightly, paring back the day’s losses to settle USD/KRW near 1420.00 after the day’s early spike into 1445.00 early Tuesday.

South Korea’s won is set to extend declines after closing at the weakest level in more than decade on Thursday as the export-driven economy grapples with the impact of China’s Covid lockdowns ...

South Korea’s won dropped to its weakest level in more than two months against the U.S. dollar, one of the biggest victims in Asia of the falling Japanese yen and the slowing Chinese economy.

South Korea is likely to draw a line in the sand for the won at around 1,400 per dollar, as the currency approaches that key level again ahead of the Federal Reserve’s policy decision.

South Korea's KOSPI Composite index jumped 2.7% on Wednesday to a 10-month high after opposition candidate Lee Jae-myung won a clear victory in the country’s presidential election. Lee received ...