[Yoo Choon-sik] What the weakening won may be signaling

In April 2024, when the won’s exchange rate broke through the 1,400 mark against the dollar, the leader of the Democratic Party of Korea at the time warned that a serious crisis was becoming reality and called an emergency meeting to press the government to respond. The message was unmistakable. A weakening currency was not just a market fluctuation but a warning sign for the nation. Nearly two years on, that same political leader occupies the presidential office, only to witness the rate remain

By The Korea Herald