South Korean authorities are making an increasingly frantic effort to stop the won currency sliding to lows not seen since ...

S. Korea's won jumped last week after official steps and pension hedging, but the yearly average hit a post-crisis high, ...

The South Korean won dropped to the lowest level in over eight months amid foreign funds’ selling of local stocks and steady demand for the dollar.

In North Korea, the relentless rise in the exchange rates of foreign currencies, coupled with surging food prices, paints a bleak picture of an economy on the brink of collapse. Photo by Lukas ...

South Korea’s won strengthened after the authorities said excessive weakness in the currency isn’t desirable and ...

The South Korean won plunged sharply against the U.S. dollar on Tuesday, hitting a two-year low after an unexpected address by President Yoon Suk Yeol in which he declared emergency martial law. The ...

With the Korea-China currency swap agreement worth 400 billion yuan (about 70 trillion won) expiring on the 10th, attention is on whether the two countries will move to immediately extend it. The Bank ...

North Korea has a money problem in addition to economic hardships caused by the pandemic, the Associated Press reported. As trade with China is down two-thirds compared to last year, North Korean ...

North Korean authorities recently raided a large illegal currency exchange office in Sinuiju, North Pyongan Province. The raid comes as foreign currency exchange rates have risen in North Korea since ...

TOKYO -- Strong-armed currency reform in North Korea, which has confiscated the savings of small businesses and forbidden the use of foreign money, is now causing runaway inflation and contributing to ...