[Editorial] Korean won worries
The South Korean currency’s sharp drop Tuesday triggered a flurry of warnings and statements from financial authorities, which helped stabilized the won to some extent in the following two sessions. But vigilant monitoring is in order as volatility may not fade out soon. It was a resounding red flag that the Korean won weakened to hit the psychologically important 1,400 won per dollar during an intraday trading Tuesday, affected by the sales of more assets by foreign investors here, the es
April 19, 2024