All posts tagged "yen"

  • Tourists pass by a currency exchange signboard in the shopping district of Myeong-dong, downtown Seoul, Sunday. (Yonhap)
    Yen’s climb bodes well for S. Korean exporters

    SEOUL (Yonhap) — South Korean exporters, led by automakers and steelmakers, are widely projected to expand their presence in overseas markets as the Japanese yen continues to climb against major currencies, industry sources said Thursday. The won-yen...

    • Posted February 11, 2016
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  • (AP Photo/Ahn Young-joon)
    S. Korean won hits 7-year-high against yen

    Exchange rate touches below 900 per 100 yen By Yoon Ja-young The won touched the highest level against the Japanese yen in seven years and two months Thursday, adding to concerns over its effect on exports. The...

    • Posted April 23, 2015
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  • A man passes by an electronic stock board of a securities firm in Tokyo, Tuesday, as Asian stocks mostly fell on concern about feeble Chinese trade figures, Japan's recession and weaker-than-expected German industrial growth. The Japanese yen is expected to weaken further at a faster rate against the won, making Korean exports less competitive. (AP)
    Ultra low yen adds woes to Korean economy

    By Yoon Ja-young The yen is expected to weaken further at a faster rate against the won, dealing a severe blow to Korean exporters competing with their Japanese rivals overseas, analysts said Tuesday. They said the yen...

    • Posted December 9, 2014
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  • Japan Financial Markets Money traders of a foreign exchange dealing company work under an electric screen indicating the U.S. dollar against the Japanese yen in Tokyo Thursday, Sept. 18, 2014. The U.S. dollar hit its highest level against yen in six years. (AP Photo/Kyodo News)
    South Korea monitors falling yen, tells exporters to take insurance

    SEOUL (Yonhap) — South Korea is closely monitoring the won-yen exchange rate that financial authorities say has reached a worrisome range and is encouraging exporters to take some hedging measures, officials said Sunday. “The low-yen trend has...

    • Posted September 28, 2014
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  • The South Korean currency continued to strengthen against both the U.S. dollar and the Japanese Yen. (Yonhap)
    Korean currency rises to breach 1,000 won level per yen

    By Lee Minji / Yonhap SEOUL —  The South Korean currency continued to strengthen on Tuesday, surpassing the psychologically important level of 1,000 won per 100 yen. The won hit 998.25 per 100 yen as of 5:34...

    • Posted May 13, 2014
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  • Bundles of 10,000-yen banknotes are stacked in front of an electronic billboard showing real-time currency exchange rates at a Korea Exchange Bank branch in Seoul. (Yonhap)
    Japanese yen falls below 1,000 won

    By Na Jeong-ju The Japanese yen fell below 1,000 won per 100 yen during Monday’s trading session for the first time in nearly five years. The yen dropped to 999.62 won as soon as the market opened...

    • Posted December 30, 2013
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    Won surges to two-year high

    By Na Jeong-ju The won’s value against the dollar surged to the highest level in two years and four months Monday, as more traders bet on Korea’s growing current account surplus. The won ended at 1,053 won...

    • Posted December 9, 2013
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