Daily Archive: September 23, 2022

BOK, state pension fund agree to open currency swap line

SEOUL– South Korea’s central bank said Friday that it has agreed to open a dollar-for-won currency swap line with the state pension fund in a bid to ease demand for dollars in the domestic foreign...

Key developments on North Korea this week

SEOUL– The following are key developments regarding North Korea this week. —— Sept. 19 — JCS chief warns N.K. regime cannot survive in case of nuclear use attempt 20 — Chief of N. Korea’s minor...

Seoul stocks crash to yearly low amid deepening recession fears

SEOUL– South Korean stocks dropped to the lowest level this year on Friday on mounting fears that the Federal Reserve’s aggressive rate hikes would further exacerbate a global recession. The local currency went up against...