The Bank of Korea chose six local banks and five banks in China as market makers for trade of the Korean won and China's currency, the renminbi, next year.
China’s Carl Yuan thinks he may have unlocked the secret to finding more success on the PGA Tour after finishing tied fifth for his second top-10 of the season at the Valspar Championship on Sunday.
Kwok Wai To from Hong Kong will be stepping in as head chef and Qingbing Wu from China will be responsible for the restaurant's dim sum.
China and a number of other countries are pushing for de-dollarization, in the process making the yuan the fourth most actively traded currency.
China's Carl Yuan and Korea's An Byeong-hun have positioned themselves for a potential first PGA Tour title after posting impressive scores of 65 and 64 respectively to claim a share of the 36-hole lead at the Sony Open in Hawaii on Friday.
An exchange rate for yuan is shown on an electric display board at a money exchange in Myeong-dong, central Seoul, Wednesday.
The 2023 Hana Bank Korea Open women’s tennis tournament closed Sunday with Jessica Pegula of the United States defeating Yue Yuan of China 2-0 in the final of the singles tournament to clinch her second singles title of the season.
Pedestrians walk past a foreign exchange in Myeong-dong, central Seoul, on Tuesday. The local currency closed at 1,330.9 won against the dollar on Monday to finish above the 1,300 mark for the first time since May 18.
China one day will demand paying in yuan for imports from Korea.
China's slower-than-expected economic recovery is weakening the yuan. Experts say the slump may drag the won, yuan's proxy, down as well. The won is considered a proxy currency of the yuan because the former typically follows the latter in the...
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