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All posts tagged "currency"

  • (Yonhap)
    Real value of Korean won hits over 7-year high: data

    SEJONG, May 21 (Yonhap) — The real value of the South Korean won against other key currencies hit an over seven-year high in April, data showed Thursday, in a negative development for the country’s exports. The real...

    • Posted May 20, 2015
    • 0
  • Counterfeit Bills
    Counterfeit currency ‘not refundable’

    Banks and financial companies do not have to refund counterfeit bills, experts said Sunday, according to the Chosun Biz. The view is based on the United Nation’s ruling that says responsibility rests with those who last possessed...

    • Posted November 17, 2014
    • 1
  • (The Korea Times file)
    Korean won sharply down vs dollar

    SEOUL (Yonhap) — The Korean won fell sharply against the U.S. dollar Wednesday, hitting an over one-year low and moving in sync with the Japanese yen’s sharp slide against the greenback. The won was changing hands at...

    • Posted November 12, 2014
    • 0
  • The South Korean currency continued to strengthen against both the U.S. dollar and the Japanese Yen. (Yonhap)
    Korean currency rises to breach 1,000 won level per yen

    By Lee Minji / Yonhap SEOUL —  The South Korean currency continued to strengthen on Tuesday, surpassing the psychologically important level of 1,000 won per 100 yen. The won hit 998.25 per 100 yen as of 5:34...

    • Posted May 13, 2014
    • 0
  • The won ended at 1,022.5 per dollar, the strongest it has been in five years and nine months. / Yonhap
    Korean won rises to 69-month high against dollar

    SEOUL, May 7 (Yonhap) — The Korean currency rose to its highest in more than five years against the U.S. dollar on Wednesday on the back of the greenback’s weakness against major currencies and exporters’ dollar sales...

    • Posted May 7, 2014
    • 0
  • On Tuesday, the local currency ended at 1,030.6 won to the U.S. dollar, the strongest since Aug. 8 in 2008 at 1,027.9 won. It slightly fell to 1,033.2 won Wednesday. (Yonhap)
    Won may rise to 1,000 per dollar

    By Kim Rahn The Korean won is expected to rise to 1,000 won against the U.S. dollar in the coming months on the back of a rising current account surplus powered by robust exports, according to analysts,...

    • Posted May 1, 2014
    • 0
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