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.
Korean shoppers are heading to Japan to exploit the weak yen and hunt for luxury goods available at a more affordable price point than in Korea.
The value of 100 yen against the local currency fell to its lowest point for this year at 894.1 won during morning trading hours, according to Hana Bank.
Enforcing old regulations without any exception can kill creativity.
People visit a currency exchange booth at Incheon International Airport on Monday. The number of travelers to Japan is increasing with the yen falling to record-low levels, trading at around 920 won per 100 yen.
Korea JoongAng Daily Sitemap
