Korea Joongang Daily
Korea JoongAng Daily

Foreign currency deposits fall in October for the first time in five months

Foreign currency deposits fell for the first time in five months in October on sagging corporate demand for U.S. dollar-denominated deposits and increasing import settlements amid a weak Korean currency, central bank data showed Sunday.

2024-11-17

Won remains weak despite gov't signaling market intervention

Minister of Finance Choi Sang-mok declared that the government will intervene to stabilize the market if the won continues to weaken against the dollar.

2024-11-14

Korean market reels from tanking won-dollar rate on looming 'Trump trade'

The Korean economy faces challenges with the won-dollar exchange rate exceeding 1,400, prompting foreign capital outflows and inflation, exacerbated by concerns over Trump's trade policies.

2024-11-13

Kospi continues recovery with 1.8% on gains in tech shares

The Kospi rose 46.26 points, or 1.8 percent, to close at 2,568.41 on the back of strong tech stock performances.

2024-08-07

Foreign exchange reserves dip for a third consecutive month

Korea's foreign exchange reserves as of late June was $412.21 billion, down $620 million from the $412.83 billion in late May, the Bank of Korea said in a report on Wednesday. This marks the third consecutive month that the reserves have decreased.

2024-07-03

Korea off U.S. currency monitoring list, Japan added

The U.S. removed Korea from the list of countries on its currency monitoring list for the second consecutive time, adding Japan to the list.

2024-06-21

Kospi drops 1.26% as hopes plunge for Fed rate cut

Stocks opened sharply lower Friday, tracking overnight losses on Wall Street amid lowering hopes for the U.S. Federal Reserve's early rate cuts.

2024-05-24

Kospi dips to track overnight losses on Wall Street

Stocks opened lower Thursday, tracking overnight losses on Wall Street spooked by hawkish tones in the latest minutes of the U.S. Federal Reserve.

2024-05-23

Kospi opens lower as tech, insurance stocks dip

Stocks opened lower on Wednesday, mainly due to losses from technology and insurance shares.

2024-05-22

Kospi ends down 0.65% as market waits for Fed

The Kospi shed 17.96 points, or 0.65 percent, to close at 2,724.18 as investors wait for the minutes of the U.S. Federal Reserve's monetary policy meeting and Nvidia's earnings report.

2024-05-21