TOKYO -- Strong-armed currency reform in North Korea, which has confiscated the savings of small businesses and forbidden the use of foreign money, is now causing runaway inflation and ...

Running a private currency exchange is illegal in North Korea, so the two media companies, Asia Press International of Japan and Seoul-based Daily NK, ...

A currency trader covers his face with his hands with screens, background, showing the Korea Composite Stock Price Index, and the exchange rate between the U.S. dollar and the South Korean won ...

SEOUL — In a precedent for this male-dominated culture, the likeness of a woman will appear on a South Korean bank note, specifically the central bank’s 50,000-won bill. The bill, worth about ...

North Korea has long suffered a lack of foreign currency and, in 2017, the U.N. Security Council adopted four resolutions (Resolutions 2356, 2371, 2375, and 2387) that cut off most of North Korea ...

The Bank of Korea has scheduled an emergency meeting on Wednesday to discuss how it will address market volatility after the South Korean won initially fell 2.9% in value to 1,444 per U.S. dollar.

For a country that trumpets the success of its economic system and the power of its local currency, it is very difficult as a foreigner in North Korea to buy anything with it.

South Korean President Lee Jae Myung says that it remains unclear whether Seoul and Washington can conclude their tariff ...

The South Korean won hit a two-year low against the U.S. dollar following President Yoon Suk Yeol's declaration of martial law. ... By 10:53 p.m., the currency had depreciated to 1,430.0, ...

The South Korean currency fell to as low as 1,443.40 won per dollar, the lowest since October 2022. It was last down 1.9% at 1,430.72.