Korea Joongang Daily

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Safe havens

Silver bars displayed at the Korea Gold Exchange in Jongno, Seoul, on Thursday.

2021-10-07

Bricks of Benjamins

According to the Bank of Korea, Korea's foreign exchange reserve at the end of July reached a record amount of $458.7 billion, up 1 percent, or $4.6 billion, on month.

2021-08-04

On the rise

A digital screen in Hana Bank's trading room in central Seoul shows the local currency closing at 1,145 won against the dollar, up 6.9 won from the previous session's close. The won to dollar exchange rate was the highest since October 12, 2020.

2021-07-08

Investors starting to favor gold and dollars

With the growing fear of inflation, wealthy people are rushing into safe haven assets — gold and the dollar.

2021-06-03

Matter of reserves

According to data from the Bank of Korea, foreign exchange reserves came to $456.46 billion as of the end of May, up $4.15 billion from a month earlier.

2021-06-03

Shinhan raises $500 million with AT1 sustainability bonds

Major Korean financial holding firm Shinhan Financial Group said Thursday it has raised $500 million by selling U.S. dollar-denominated notes.

2021-05-06

Stacks on stacks

According to the Bank of Korea (BOK), Korea's foreign exchange reserve at the end of April was $452.3 billion, up $6.2 billion on month. This is also higher than the record of $448 billion at the end of February.

2021-05-06

Seoul stocks down 0.28 percent on dollar appreciation

Stocks retreated Wednesday on the increase in the value of the U.S. currency and the valuation pressure of local stocks. The won rose against the dollar.

2021-03-31

Foreign currency deposits rise in February

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.

2021-03-16

Financial system weak links stress-tested for dollar flood

Brokerage and insurer dollar deposits are being monitored with extra vigilance as the multi-trillion-dollar economic stimulus packages planned by the Joe Biden administration threaten to flood foreign exchange markets.

2021-01-20

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