currency market – Charm

A dealer walks past near a screen showing the foreign exchange rate between U.S. dollar and South Korean won at a dealing room of Hana Bank in Seoul, South Korea. (AP)

South Korea share market crashes amid US-Iran war, hits 17-year low

Cs news4 months ago06 mins

South Korean shares sank more than 10% on Wednesday, wiping off $430 billion in value just this week, after the won currency hit a 17-year low on a widening Middle East war, prompting heavy selling in a market that had been the world’s hottest. A dealer walks past near a screen showing the foreign exchange…

Explainer-Why South Korea cannot make the same US trade deal as Japan

Cs news10 months ago06 mins

By Jihoon Lee and Yena Park SEOUL (Reuters) -South Korea’s negotiations with the U.S. on a trade deal to lower tariffs have stalled amid concerns over the foreign exchange implications of a $350 billion investment fund, part of an agreement reached with President Donald Trump in July. WHAT HAS JAPAN AGREED TO? South Korean officials,…