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?
Korean car makers, electronics manufacturers, and other businesses are hurting with the recent rise of the Korean Won against the US dollar. While the rise helps Korean vacationers and investors, it hurts businesses who export goods to foreign countries. American car makers can offer better pricing when the Won rises in value. Continue reading
Korea’s first Bitcoin ATM went online at Coffee Sedona in the COEX complex in Seoul yesterday. The ATM machine exchanges Korean Won for Bitcoins and visa versa. The Bitcoin ATM does not require photo ID or biometric data to make transactions. Continue reading
