Weak yen shifts export power balance

Japan’s weak yen is turning the tables on its Asian exporting rival South Korea. For several years, South Korean manufacturers such as Hyundai and Samsung Electronics increased their market share at the expense of Japanese rivals partly because South Korea’s currency, the won, was weak while the yen was rising against the dollar and other currencies.

Posted: February 12th, 2013 in Latest Business Stories | Read More »

High anxiety in S. Korea over surging won

By Jung Hawon

This photo taken on February 1, 2013, shows a woman walking past a currency exchange sign at a shopping district in Seoul. A surging won and waning yen are eroding the bottom lines of South Korea's export powerhouses, which are feeling the pinch after years of gobbling up global market share from their Japanese rivals. AFP PHOTO/JUNG YEON-JE

A surging won and waning yen are eroding the bottom lines of South Korea’s export powerhouses, which are feeling the pinch after years of gobbling up global market share from their Japanese rivals.

Posted: February 4th, 2013 in Latest Business Stories | Read More »

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