Yi Whan-woo is a Korea Times journalist primarily covering finance. He writes in-depth articles on macroeconomy and financial markets and previously covered sports, politics, diplomacy and inter-Korean affairs, among others. Feel free to contact him at yistory@koreatimes.co.kr.
PHOTO Won continues to fall against dollar
A tourist passes by a board displaying U.S. and other currency exchange rates at a money booth in Seoul’s Myeong-dong shopping district, Monday. The Korean won closed at 1,477.1 per dollar in the daytime trading session, weakening by 1.5 won. This marks the won's sixth consecutive losing trading day, extending its decline further and falling to a seven-month low. The Ministry of Economy and Finance said it has formed a multilateral consultative body involving the National Pension Service to monitor the impact of the state-run pension operator's expanded overseas investment activities on the currency market. Yonhap
By Yi Whan-woo