Korean companies are struggling to raise money in the aftermath of the U.S. Federal Reserve's recent interest rate increases. With a recession becoming more likely and bond values falling due to higher rates, investors are reluctant to lend.
A graph shows the value of Bitcoin plummeting below 30 million won ($24,000) at the cryptocurrency exchange Bithumb customer center in Seocho-dong, southern Seoul, on Tuesday.
Korea JoongAng Daily Sitemap