yen depreciation

Foreign exchange Koreans' yen savings fall on profit-taking despite BOJ rate hike views

Yen-denominated deposits in South Korea fell in November, dragging down overall foreign-currency savings, as investors took profits from the Japanes...

Central bank BOK to keep rate at 3.25% in Nov despite dim GDP outlook: survey

South Korea’s central bank is expected to freeze its policy rate at 3.25% during its last monetary policy meeting of the year to prevent any f...

Korean food South Korea enjoys record-high kimchi exports in first half

South Korea's kimchi exports surged to an all-time high for a six-month period in the first half of this year, according to data from the Korea Agro...

Foreign exchange Korea's foreign currency savings snap 5-mth losing streak

Foreign currency deposits in South Korea increased in June, snapping their losing streak over the past five months, with the yen-denominated savings...

Travel & Leisure Korea’s taxi app i.M ties up with MK Group to land in Japan

South Korea’s premium ride-hailing app i.M joined hands with Japan’s taxi operator MK Group to allow each platform's customers to use bo...

Travel & Leisure S.Korean travelers splurge in Japan on softer yen

South Korean travelers spent a total of 431.4 billion won ($312 million) through debit and credit cards in Japan in the first half of this year, twi...

Foreign exchange Korean won hits 15-year low in Q2 amid FX, economic uncertainty  

The South Korean currency fell to its lowest level against the US dollar in 15 years in the second quarter amid growing uncertainties surrounding gl...

Airlines South Korea-Japan air travelers soar to 10 mn in first five months

The number of air passengers traveling between South Korea and Japan has surpassed 10 million in the first five months of this year, setting a new r...

Real estate Japan golf courses, Korean investors’ new target assets

South Korean investors are eyeing Japan’s golf resorts to buy amid the weak yen, rising demand for golf courses in Japan, and relatively low p...

Foreign exchange Korean won at 17-month low on Middle East woes, Fed rate view

The South Korean won currency on Tuesday fell to its weakest level in 17 months, briefly touching the psychologically important 1,400 per dollar lev...

Travel & Leisure Lotte Home Shopping expands Japan tour packages

South Korea's Lotte Home Shopping said on Tuesday that it will expand its range of travel packages to Japan, including trips to Kyushu and Okinawa, ...

Foreign exchange Korean investors’ yen savings flirt with record high

South Korean retail investors, hunting for bargains, have flocked to shovel in the Japanese currency hovering around its record low value in anticip...

Steel Korean steelmakers mull anti-dumping suit vs Chinese, Japanese firms

Under growing pressure from increased imports of cheap Chinese and Japanese steel products, South Korean steelmakers are considering filing an anti-...

Foreign exchange Koreans’ yen savings snap growth streak despite BOJ exit talk

Yen-denominated deposits in South Korea slid for the first time in eight months as local investors took profits from the recent gains in the major c...

Foreign exchange Yen deposits at Korean banks surge to record $9.9 bn

Yen deposits at South Korean banks grew by the largest-ever monthly amount in November to a record $9.92 billion, central bank data show, as investo...

Retail South Koreans, frugal at home, open wallets abroad

Consumer spending in South Korea has been on the decline this year amid few signs of a near-term recovery. But when it comes to overseas spending, i...

Foreign exchange Yen hits 15-year low vs Korean won on less hawkish BOJ

The yen on Friday plunged to the weakest level in more than 15 years against the South Korean won as the Japanese central bank’s recent change...

Korean chipmakers SGC eTEC E&C completes chip packaging plant in Vietnam

South Korea's SGC eTEC E&C Co. on Thursday announced the completion of a cutting-edge semiconductor packaging facility in Vietnam's Yen Phong 2C...

Steel Japanese steelmakers flood South Korea on back of weaker yen

Japanese steelmakers are expanding their market shares in South Korea, backed by the yen's drop against the Korean won to the lowest in eight years....

Foreign exchange Koreans' Japanese yen savings hit record high in July

South Korean investors continued gobbling up the Japanese currency, which has remained weak against the Korean currency after retreating from a one-...

Foreign exchange S.Koreans continue buying spree of sliding Japanese yen

The plunging Japanese currency has stepped up South Koreans’ bargain-hunting, posting record highs in the balance of the yen-denominated depos...

Airlines S.Korea-Japan flights outpace Gimpo-Jeju in H1 2023

As Japan eased its border restrictions at the end of last year, the number of passengers on routes between South Korea and Japan in the first half o...

Foreign exchange S.Korea, Japan to resume bilateral currency swap for dollars

South Korea and Japan are set to revive their bilateral currency swap line to bolster their dollar liquidity this week after an eight-year suspensio...

Travel & Leisure Interpark Triple sees surge in sales of Japan tours, activities

Sales of Japan tour and activity products to South Korean travelers have surged in recent weeks, driven by an increase in the number of independent ...

Foreign exchange Yen’s plunge spurs bargain-hunting in Korea; savings fastest in 6 years

The sliding yen is prompting South Koreans to go bargain-hunting for the Japanese currency in the wobbly financial market as yen-denominated deposit...

Foreign exchange Yen breaches key level vs Korean won to hit 8-year low

The Japanese yen on Monday extended losses against the South Korean won to touch an eight-year low, briefly breaching a psychological support line a...

Markets Japanese yen near 8-year low against S.Korean won

The Japanese yen is nearing its lowest level in eight years against the South Korean won, with their exchange rate hovering around the 9.00 level.It...

Markets Korean won at 1-yr low vs yen; end of boon for exporters

The South Korean won has extended its losses against the yen, with the Japanese currency highly sought after as a safe haven asset in the wobbly fin...

Economy S.Korea lags Taiwan in GNI per capita for first time since 2002

South Korea’s gross national income (GNI) per capita dropped 7.7% on-year last year, coming in below that of its smaller rival Taiwan for the ...

Construction Vietnam to get its first Korean-style industrial complex

A groundbreaking ceremony was held Friday for Vietnam's first Korean-style industrial complex, to be built in the country's northern Hung Yen Provin...