The South Korean won plunged sharply against the U.S. dollar on Tuesday, hitting a two-year low after an unexpected address by President Yoon Suk Yeol in which he declared emergency martial law. The ...

The South Korean won rallied to the strongest level since early November on Friday, extending the previous session’s gains ...

Korea’s foreign exchange (FX) reserves in December declined at the sharpest rate in 28 years, strained by the government's ...

Korea’s push for an unlimited currency swap with the United States is likely to face significant hurdles, given the limited incentive for Washington to agree to the deal. Korea proposed establishing ...

South Korea’s foreign exchange reserves decreased by $2.6 billion from the previous month in December, marking the first ...

NEW YORK/LONDON, Dec 3 (Reuters) - The Korean won was one of the biggest movers on Tuesday, plunging against the U.S. dollar after South Korea's president declared martial law in an unannounced ...

SEOUL (Reuters) - South Korea's foreign exchange authorities on Friday said they agreed with the National Pension Service to expand a currency swap line to $50 billion from the current $35 billion to ...

With the Korea-China currency swap agreement worth 400 billion yuan (about 70 trillion won) expiring on the 10th, attention is on whether the two countries will move to immediately extend it. The Bank ...

In North Korea, the relentless rise in the exchange rates of foreign currencies, coupled with surging food prices, paints a bleak picture of an economy on the brink of collapse. Photo by Lukas ...

Korea and the U.S. have agreed to extend by six months a bilateral currency swap worth USD 60 billion. The central Bank of Korea on July 30 said it agreed with the U.S. Federal Reserve Board to extend ...

TOKYO -- Strong-armed currency reform in North Korea, which has confiscated the savings of small businesses and forbidden the use of foreign money, is now causing runaway inflation and contributing to ...