South Korean won nears global financial crisis levels
UPI
—
https://cdnph.upi.com/ph/st/th/1551780873678/2026/i/17808739084907/v1.5/South-Korean-won-nears-global-financial-crisis-levels.jpg" /> The won-dollar exchange rate reached 1,561.5 won in overnight trading, its weakest level in more than 17 years, amid foreign stock selling.
South Korean Won Nears Crisis Levels
- Financial authorities vow stern action against excessive volatility, one-sided FX market moves Korea Times —
- Authorities vow strong action against excessive won volatility The Korea Herald —
- Lee attributes weakening won to foreign investors' portfolio rebalancing Korea Times —
- Economy continues 'gradual improvement' on strong chip exports: KDI Korea Times —
- Korean Authorities Urge Banks to Step Up Controls as Won Slumps Wall Street Journal —