Wire

Wire

South Korea’s July Trade Surplus Hit a Record High — Here’s Why It Matters

South Korea recorded a $42.08 billion current account surplus in July, the largest for any July month, driven by semiconductor export strength. This follows June's $49.73 billion. Current account surpluses benefit savers through higher foreign currency reserves and national wealth accumulation, but

Wire

South Korea’s Won Hits 14-Month High Against the Dollar

South Korea's currency strengthened to 1,340 won per dollar Friday, its strongest level in over a year. The won gained 8.9 won against the dollar, helping exporters and savers with dollar assets. Exchange rate movements affect overseas remittances, foreign resident costs of living, and investment re