Search results for current account
Finance
KOSPI nears 10,000 but won at IMF-era levels as semiconductor dollars stay abroad
The won-dollar rate has swung sharply this year, hitting an annual high of 1,562 won before easing to the 1,530 range. The won remains at crisis-levels even as the KOSPI breaks above 9,000 and the current account posts a record. The Financial Times cited structural factors, including chipmakers reinvesting dollar earnings overseas and rising demand for dollars from outbound investments. Authorities and experts are watching further pressures in July and August.
Industry
Semiconductors, defense, shipbuilding and power equipment to drive South Korean exports in second half
Semiconductors, defense, shipbuilding and power equipment are expected to lead South Korea\'s exports in the second half, with simultaneous strength across the four sectors seen absorbing external shocks despite prolonged Middle East tensions and a surge in Strait of Hormuz shipping rates. The Bank of Korea raised its growth outlook and lifted its inflation forecast, citing strong first-quarter growth and an extended semiconductor cycle. Officials also pointed to broader export gains across industries.
Crypto
Japan\'s LDP approves plan for AI and blockchain-based next-generation financial system
Japan\'s ruling Liberal Democratic Party has formally approved a policy proposal to build a next-generation financial system using AI and blockchain technology, The Block reported. The proposal, drafted by an LDP project team led by lawmaker Seiji Kihara, prioritises developing automated financial infrastructure to support 24-hour autonomous commerce via blockchain networks. It also includes support for tokenised deposits and yen-denominated stablecoins, and calls for stronger cooperation with other Asian countries.
