Economics

On May 3rd (Korean time), at 2 AM, the dollar-won exchange rate finished trading at 1401.50 won, a sharp drop of 19.50 won compared to the closing price of the previous trading day in the Seoul foreign exchange market. The won/dollar exchange rate had closed at 1405.30 won in the previous day’s trading and continued […]

Tariffs and trade policy uncertainties significantly influence interest rates through multiple channels, as demonstrated by recent economic developments and central bank responses: Current U.S. Tariff Policy The United States has implemented significant changes to its tariff policies in recent years, particularly targeting imports from China and, to a lesser extent, Canada. These policies reflect a