Seoul, July 5 (IANS) The South Korean won has fallen nearly 6 per cent against the US dollar this year, central bank data showed on Sunday, as foreign investors sold off more than 156 trillion won ($102.3 billion) worth of domestic stocks.The average exchange rate stood at 1,484.56 won per dollar during the first half of the year, according to the Bank of Korea’s Economic Statistics System.It marked the second-highest first-half average on record, behind 1,493.08 won in the first half of 1998 du…
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Seoul, April 14 (IANS) South Korea’s exports of information and communication technology (ICT) products more than doubled in March from a year earlier, driven by strong semiconductor demand amid the global artificial intelligence (AI) boom, government data showed on Tuesday.Outbound ICT shipments reached US$43.51 billion last month, up from $20.52 billion a year earlier, according to the data from the Ministry of Science and ICT, reports Yonhap news agency.This marks the first time that monthly …
Seoul, April 3 (IANS) South Korea’s foreign reserves posted their sharpest monthly decline in about a year in March amid a stronger dollar and authorities’ efforts to manage exchange rate volatility, the central bank said on Friday.The country’s foreign reserves stood at US$423.66 billion as of end-March, down $3.97 billion from a month earlier, according to the data from the Bank of Korea (BOK).It was the sharpest decline since April 2025, when the amount fell by $4.99 billion on-month, reports…