There are predictions that the exchange rate in the 1,500 won range, previously only seen during financial crises, could become an everyday 'new normal'. We easily explain the bizarre phenomenon of the Korean won's value falling despite an export boom and its impact on our lives.
The KRW/USD exchange rate has surpassed 1,500 won for the first time in 17 years since the 2009 financial crisis. We take a simple look at how this impacts our daily lives, the subscription economy, and tech device prices.
The KRW/USD exchange rate is threatening the 1,500 won mark for the first time in 17 years. We explain in easy terms how the Middle East war, rising international oil prices, and the 'Seohak Ants' investment fever in US stocks are affecting our economy and cost of living.