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South Korea's finance minister says current FX level 'excessive'

SEOUL, June 23 : South Korea's Finance Minister Koo Yun-cheol said at a cabinet meeting on Tuesday that the current foreign exchange level at around mid-1,500 won per U.S. dollar is "excessive" compared to the country's fundamentals. Asked by South Korean President Lee Jae Myung about why the won is so weak d

Raccontata dakoreaherald.comchannelnewsasia.com

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AI · summaries
channelnewsasia.comStai leggendo2 g fa

South Korea's finance minister says current FX level 'excessive'

SEOUL, June 23 : South Korea's Finance Minister Koo Yun-cheol said at a cabinet meeting on Tuesday that the current foreign exchange level at around mid-1,500 won per U.S. dollar is "excessive" compared to the country's…

originale
koreaherald.com4 g fa

Won-dollar rate averages 1,520 through June, reaching crisis-era levels

South Korea's won averaged 1,521.4 per USD in June, marking crisis-era weakness unseen since the 1998 Asian financial collapse. Currency deterioration signals macroeconomic stress with implications for regional tech supply chains and venture funding sentiment.

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Timeline cronologica

  1. domenica 21 giugno 2026·koreaherald.com

    Won-dollar rate averages 1,520 through June, reaching crisis-era levels

    South Korea’s currency has averaged above 1,520 won per US dollar in June, the highest level since February 1998, extending a period of currency weakness associ

  2. lunedì 22 giugno 2026·koreaherald.com

    Won seen strengthening toward 1,450 in second half, but volatility persists: FKI seminar

    South Korea’s currency is forecast to strengthen modestly toward 1,450 won per dollar in the second half of the year, though the exchange rate is expected to re

  3. martedì 23 giugno 2026·channelnewsasia.com

    South Korea's finance minister says current FX level 'excessive'

    SEOUL, June 23 : South Korea's Finance Minister Koo Yun-cheol said at a cabinet meeting on Tuesday that the current foreign exchange level at around mid-1,500 won per U.S. dollar…