KakaoBank chief vows to launch won stablecoin and speed global push KakaoBank chief vows to launch won stablecoin and speed global push

#KakaoBank chief vows to launch #Koreanwon #stablecoin and speed global push

#cryptonews #crypto #Altcoins #BTC
#Bitcoin

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Korean Currency Falls Sharply Past 1,500 Won Amid Oil Price Surge SEOUL, March 19 (Bernama-Yonhap) — The South Korean currency fell markedly past the 1,500-won level against the US dollar Thursday as global oil prices surged amid intensifying tensions in West Asia. The won opened at 1,505 per dollar, down 21.9 won from the previous session, breaching the psychologically and technically critical 1,500-won threshold, according to Yonhap news agency. On Monday, the won touched the level for the first time since March 2009 in intraday trading amid surging global oil prices, the West Asia crisis and concerns about supply disruptions. The weakness came as global oil prices rose more than 5 […]

Korean Currency Falls Sharply Past 1,500 Won Amid Oil Price Surge #KoreanWon #CurrencyExchange #OilPrices #ForexMarket #SouthKorea

BOK Poised to Hold Rates as Housing Heat and Weak Won Stir Caution - South Korea’s central bank is set to keep interest rates steady as a soft currency, rising home prices, and persistent inflation delay...

BOK Poised to Hold Rates as Housing Heat and Weak Won Stir Caution
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#SouthKorea #BankOfKorea #InterestRates #Inflation #EconomicPolicy #KoreanWon #HousingMarket #MonetaryPolicy #GlobalEconomy

LayerZero and KRWQ Launch First Fiat-Backed Multi-Chain Korean Won Stablecoin - Crypto Economy KRWQ is the first multi-chain Korean won stablecoin, powered by LayerZero technology.

💥 Korean Won Goes On‑Chain

LayerZero Labs and KRWQ launch the first multi‑chain stablecoin fully backed 1:1 by the South Korean won, enabling seamless cross‑chain transfers and global DeFi reach.

#Stablecoin #DeFi #CryptoGlobal #KoreanWon #LayerZero

Bank of Korea to Discuss Won Stablecoin Progress Bank of Korea Governor to discuss the Korean won stablecoin at a bankers’ dinner on June 23.

🇰🇷 Bank of Korea Governor to discuss the Korean won stablecoin at a key June 23 meeting with top bankers. 💰📲 #KoreanWon #Stablecoin #CryptoNews

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South Korean Stocks, Won Rise After Lee Wins Election - Bloomberg.com South Korean Stocks, Won Rise After Lee Wins Election  Bloomberg.com

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South Korea and U.S. hold talks on forex and trade as won strengthens against dollar - Dimsum Daily South Korea and U.S. hold talks on forex and trade as won strengthens against dollar  Dimsum Daily http://dlvr.it/TKmlZY

South Korea and U.S. hold talks on forex and trade as won strengthens against dollar - Dimsum Daily #SouthKorea #USTrade #Forex #CurrencyExchange #KoreanWon

Dollar wavers on uncertainty over trade deals; S.Korean won in focus TOKYO (Reuters) -The dollar wobbled on Thursday in a turbulent week that saw investor relief at the U.S.-China tariff truce give way to a cautious mood amid uncertainty over the shape of various trade deals, while the South Korean won steadied after sharp moves. The Asian currency was volatile overnight as investors weighed the news that officials from South Korea and the U.S. met last week to discuss the dollar/won exchange rate. But a report from Bloomberg that Washington is not negotiating for a weaker dollar as part of tariff talks helped calm the currency markets. Still, concerns that the U.S. administration could push for a weaker dollar is likely to keep investors wary. The sudden lurch in the won was reminiscent of an unprecedented two-day surge in Taiwan’s currency at the start of May, which coincided with the end of U.S.-Taiwan trade talks in Washington that fuelled speculation of an agreement to weaken the greenback in return for trade concessions. "Reports of currency discussions between the U.S. and South Korea, coupled with signs the Trump administration may tolerate a weaker dollar, have fuelled won sentiment," said Kieran Williams, head of Asia FX at InTouch Capital Markets. "Broader uncertainty around the domestic outlook and trade tensions could temper the won’s upside near term." While the dollar has clawed back some of its recent losses against the euro, pound and the yen that were driven by concerns over Trump’s economic policies, it has slipped against most of the emerging market currencies. The won was last at 1,410.70 per U.S. dollar after a 0.6% rise in the previous session. The Mexican peso was last at 19.38 per dollar, hovering near the seven-month high it scaled in the previous session. The Japanese yen strengthened a bit to 146.48 per dollar but remained close to the one-month low of 148.65 touched earlier this week. The dollar index, which measures the U.S. unit against six other currencies, was steady at 101, on course for the fourth straight week of gains. Investor focus on Thursday will be on retail sales data while they look for more details on possible trade deals after easing of tensions between the U.S. and China. The two countries on Monday announced a 90-day pause on most of the tariffs imposed on each other’s goods since early April, leading to a brief relief rally. "We consider there is more upside to the dollar in the near term as market participants reassess the outlook for the U.S. and global economies following the temporary U.S.‑China trade deal," said Kristina Clifton, an economist at the Commonwealth Bank of Australia (OTC:CMWAY). "The USD index could lift by another 2%‑3% in the next few weeks. We expect the euro, pound and yen to bear the brunt of the dollar’s recovery."

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Bank of Korea likely to cut rates in April despite weak won – ING Investing.com-- The Bank of Korea (BoK) is likely to cut interest rates this month despite mounting pressure from a weakening currency, ING analysts said in a note. South Korea’s jobless rate unexpectedly rose to 2.9% in March, while private sector hiring remained sluggish, suggesting fading support from government job programs. ING noted that the labor market outlook and slowing growth justify further monetary easing, even as the won trades at its weakest level since 2009. Although a weaker currency complicates the BoK’s policy response, ING sees a slightly higher probability of a rate cut in April than in May. The KRW’s recent weakness is now more globally driven, unlike in January when political turmoil was the main factor, said analysts "A second possible scenario is the BoK staying on hold in April, but with clear hints of a cut in May," analysts wrote. ING also flagged global tariff uncertainty, delays in fiscal support, and political instability as key downside risks to the economy.

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BOK stands pat on key rate amid falling won South Korea's central bank held its base rate steady at 3 percent Thursday, keeping its guard up against the further weakening of the local currency. Following two consecutive 0.25 percentage point ra...

South Korea's central bank held its base rate steady at 3 percent Thursday, keeping its guard up against the further weakening of the local currency.

www.koreaherald.com/article/1040...

#KoreanWon #SouthKorea

I guess I'm glad I had two out of three plane tickets to the US already purchased when this freaking Yoon disaster made the currency nose dive.
#ForeignExchange #won #KoreanWon #KoreanCurrency

Korean won worst performer among major peers - Yes Punjab News The South Korean won was the worst-performing currency globally last week amid political turmoil following President Yoon Suk Yeol's brief martial law declaration. The currency's sharp decline was att...

Korean won worst performer among major peers
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#SouthKoreanCurrency #KoreanWon #PoliticalTurbulence #MartialLaw #YoonSukYeol #CurrencyFall #InvestorSentiment #WonPerformance

Upbit Suspends Crypto Transactions Over 1 Million Won Upbit Suspends Crypto Transactions Over 1 Million Won Upbit announced a ban on deposits and withdrawals of digital assets worth one million won ($721) or more. On Wednesday, Upbit, the largest cryptocurrency exchange in South Korea and one of the top 10…

Upbit Suspends Crypto Transactions Over 1 Million Won


Upbit announced a ban on deposits and withdrawals of digital assets worth one million won ($721) or more. On Wednesday, Upbit, the largest cryptocurrency exchange in South Korea and one of the top 10… #Deposit #KoreanWon #SouthKorea