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Korean won stays above 1,500 as US yields and oil prices rise

The Korean won remained above the 1,500-per-dollar level for a third consecutive trading session, heightening concerns over mounting pressure on the Korean economy from soaring US Treasury yields and rising global oil prices.According to financial market data on May 19, the won-dollar exchange rate closed daytime trading at 1,507.8 won, up 7.5 won from the p..

Semiconductors lift Korea’s outlook to 1.8%
The Bank of Korea (BOK) on Thursday revised up next year’s real GDP growth forecast to 1.8%, citing a rebound in consumer sentiment, strengthening semicond..

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