It’s speculated that, with political changes in the U.S., the Korean Won will continue to fall against the dollar. One US Dollar could break 1,500 Korean Won. For many, this makes it a good time to visit Korea.
Foreign exchange – 외환 (oe-hwan)
Our vocabulary-filler articles on money and foreign exchange rate:
Want to learn the Korean expression, to spend money like water?
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With the launch of Squid Game – Season 2 on Netflix yesterday, Seoul is covered in promotions. The first season of Squid Game remains the most-watched Netflix show ever. Squid Game 오징어 게임 (ojing-eo ge-im).
For more on money, here’s our article. We did another two-parter: here and here.
The world has been closely watching now-impeached President Yun Suk-Yeol since he declared martial law on December 3, 2024. As of 7:24PM on December 14,2024, Prime Minister Han Duck-Soo is the interim leader of South Korea.
President Yun was immediately suspended after a National Assembly vote. The Constitutional Court will now decide whether to reinstate him or to formally kick him out – this could take up to 180 days.
Yun is the third South Korean President to be suspended from duties by Parliament (National Assembly). More on impeached Presidents here.
Korean Duty Free Shops complain of the hardships from revenue-based licensing fees. These fees are uncommon in Asian countries which more commonly use fixed annual fees.
Interested in learning about travel gifts?
We are back at Seoul’s Incheon Airport today and it’s super busy again due to all the flight cancellations/delays from the heavy snow yesterday. Thankfully it mostly stopped snowing in Seoul/Incheon around 10am today.
If you plan to travel to Korea, download and register yourself in the free ICN SmartPass app for Incheon International Airport. This app allows you to use skip the departure security line going into the secure area of the airport simply by using your Face (Face ID).
And for those shopping, the Duty Free Stores in Seoul and at the airport have lots of end of year sales, many 10-20% and sometimes more. For vocab, see our article.