Search results for Taiwan dollar
Finance
Shinhan Bank launches cross-currency overseas remittance for corporate clients
Shinhan Bank is launching a cross-currency overseas remittance service for corporate clients to improve convenience for overseas payments and global cash management. The service uses U.S. dollars during processing while paying recipients in local currency. It will be available at Shinhan Bank branches. The bank will support 11 currencies including the Taiwan dollar, Mexican peso, Malaysian ringgit and Philippine peso, and plans to expand to 27 currencies in July.
Finance
Won nears 1,490 per dollar this month, fourth-highest on record; biggest drop among major currencies
South Korea’s average won-dollar exchange rate rose to near 1,490 this month, the fourth-highest on a monthly basis, as foreigners sold a record amount of KOSPI shares. The won has posted the biggest decline against the dollar among major currencies this month. Analysts cited risk aversion linked to the Middle East war, valuation concerns in AI and semiconductors, and worries over Korea’s energy import dependence and export mix.
Industry
Taiwan semiconductor fabs: 68 percent face equipment compatibility bottlenecks, opening door for South Korean suppliers
About 68 percent of Taiwan fabs are facing bottlenecks due to compatibility problems between equipment, creating openings for South Korean suppliers. As Taiwan runs a 15.4 billion Taiwan dollar semiconductor automation programme and TSMC builds more new plants, demand for logistics automation is rising. Proprietary functions and standards, especially around FOUP interfaces and OHT integration, are raising complexity and total cost of ownership. South Korean firms are offering AI and robotics-based integrated control solutions.