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Won-dollar exchange rate plummets on government intervention

On the 25th, the won-dollar exchange rate plummeted to 1,429.7 won per dollar during trading, marking the second consecutive trading day of significant decline due to strong intervention by foreign ...
The Chosun Ilbo on MSN

High exchange rate drives up won import prices, blocks rate cuts

Ms. Lee, 38, a dual-income working couple, canceled both her and her husband’s credit cards last month. As the household budget continued to run a deficit due to soaring prices and compounded interest ...
The Chosun Ilbo on MSN

High Exchange Rate Drives Up Import Prices for South Korean Consumer Goods

High Exchange Rate Drives Up Import Prices for South Korean Consumer Goods Wons fall counters global price declines, boosting ...