Hot Issues

South Korea’s Exports Near $1 Trillion as Chip Boom Continues

South Korea’s cumulative exports reached $930 billion from January through October, leaving $70 billion to go before the annual total hits $1 trillion. Semiconductor exports surged, though rising exports do not necessarily mean higher household incomes or a recovery in consumer spending.

Super Typhoon Inpa to Peak by Oct 30, but Korea Impact Still Unlikely

Typhoon Inpa, the 31st tropical cyclone of the season, is forecast to strengthen into a super typhoon starting Oct 29, though its current track remains far from the Korean Peninsula. Travelers heading to Jeju this weekend are advised to check the latest typhoon advisories along with marine and flight updates.

Korean Won Hits Near 2-Year High as Won-Dollar Rate Closes at 1,323.1

South Korea's won-dollar exchange rate fell to its lowest closing level in nearly two years on October 26, driven by strong semiconductor exports and dollar selling from exporters. The stronger won is good news for travelers and overseas shoppers, but experts suggest exchanging currency in stages rather than all at once.