Money usually bears the image of historical figures to best represent identity and history. The figures on banknotes or coins commonly achieved unity in their society.The most recent figure on Korean money is Admiral Yi Sun-shin...
Bank of Korea and the Central Bank of the Republic of Turkey signed a 2.3-trillion-won ($2 billion) currency swap deal on Thursday.
Foreign currency deposits at banks in Korea rose in February, mainly due to a gain in corporate holdings of dollar deposits, central bank data showed Tuesday.
Foreign investors remained net sellers of Korean equities in February, extending their selling spree for a third consecutive month, the central bank said Thursday.
Korea and Switzerland agreed to extend their currency swap agreement for five years.
An Emart employee shows off Shinsegae Department Store gift certificates issued in exchange for foreign currency at Emart’s Seongsu branch in eastern Seoul on Thursday.
Korea’s foreign exchange reserves hit a record in December, the seventh consecutive monthly all-time high. The record is attributed to the weak dollar against the won in recent months.
Korea and the United States extended their $60 billion bilateral currency swap agreement for six months as uncertainties over the global coronavirus pandemic continue, the central bank said Thursday.
The depreciation of the U.S. dollar is raising red flags at companies that export.
Korea’s currency hit a 30-month high against the U.S. dollar Thursday as investors' interest in safe-haven assets dwindled and expectations rose for vaccine development and further fiscal stimulus in the United States.