North Korea revised the Labor Wages Act in May to make it illegal for workers to be paid in foreign currency. In addition, ...
Korea’s push for an unlimited currency swap with the United States is likely to face significant hurdles, given the limited incentive for Washington to agree to the deal. Korea proposed establishing ...
The North Korean authorities have intensified controls on trade officials who carry out or bring in foreign exchange, such as ...
In North Korea, the relentless rise in the exchange rates of foreign currencies, coupled with surging food prices, paints a bleak picture of an economy on the brink of collapse. Photo by Lukas ...
The Chosun Ilbo on MSN
Korea Minting Corporation Launches Currency-Recycled Money Cushion, Wallet
The Korea Minting, Security Printing & ID Card Operating Corporation launched two currency-themed goods on the 23rd, including the 'Money Cushion' containing 5,000,000 Korean won worth of 50,000 ...
King Sejong, whose portrait is printed on South Korea’s 10,000 won banknote, was a key figure of the 15th century in the Joseon era (1392-1910). Other historical figures on the three other denominated ...
South Korea is reviewing "contingency plans" related to foreign exchange volatility, the Financial Times reported Thursday. The verbal intervention by Finance Minister Choo Kyung-ho took place as the ...
SEOUL, South Korea - North Korea has revalued its currency for the first time in a half century, reportedly triggering chaos in the impoverished nation by moving to assert state control over a growing ...
The South Korean won plunged sharply against the U.S. dollar on Tuesday, hitting a two-year low after an unexpected address by President Yoon Suk Yeol in which he declared emergency martial law. The ...
Inside China’s Rare Earth Empire: The Hidden Costs in Myanmar The South Korean government recently announced a warning regarding North Korea IT personnel with the goal of preventing North Korea from ...
TOKYO -- Strong-armed currency reform in North Korea, which has confiscated the savings of small businesses and forbidden the use of foreign money, is now causing runaway inflation and contributing to ...
North Korea's "currency reforms" introduced last fall have had disastrous human consequences. It wiped out the savings of North Koreans, and may have fueled more popular discontent with the regime.
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