The finance ministers of Korea and Japan jointly addressed the recent drastic depreciation of their respective countries' currencies against the dollar, signaling potential market intervention on Tuesday.
According to the Ministry of Economy and Finance on Friday, the lifting of duties on imported gas will reduce the monthly gas bill for households by an average of 1,400 won.
The Wall Street Journal last Monday carried an article “Dollar’s Rise Spells Troubles for Global Economics” with quotes from Raghuran Rajan, a professor at the University of Chicago’s Booth School of Business and former governor...
The weakening of the won stems largely from the external factors of a strong dollar, but its also reflects some domestic conditions. Companies and financial institutions must enhance risk management against volatile exchange rates.
Developing economies have been sustaining growth through exports to the U.S. But if the U.S. economy retreats, their growth also would be at stake.
Korea JoongAng Daily Sitemap
