More than 10 million air passengers traveled on routes between Korea and Japan in the January-May period, despite the strengthening yen, the Transport Ministry said Sunday.
Japan's ruling party chief Itusnori Onodera calls for a stronger yen, emphasizing industrial competitiveness, while opposing the use of U.S. Treasury holdings in trade negotiations.
As the won-yen exchange rate exceeded 1,000 won per 100 yen for the first time in two years, hundreds of anxious Korean travelers took to online forums voicing their concerns about the potential end of the discounted yen era.
Asian shares nosedived on Monday after the meltdown Friday on Wall Street over U.S. President Donald Trump's tariff hikes and the resulting backlash from Beijing.
An Hana Bank employee checks yen and dollar sat Hana Bank's Counterfeit Notes Response Center in Jung District, central Seoul. The yen-to-dollar exchange rate stands at 155 yen, marking a record low for the first time in 34 years.
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.
The value of yen plummeted to a 34-year low against the dollar in New York Wednesday, falling below the 153 line.
An employee holds yen bills at Hana Bank's Counterfeit Notes Response Center in Jung District, central Seoul on Wednesday.
This is why we should not just watch the popularity of tourism in the neighboring country.
Korea JoongAng Daily Sitemap
