South Korean won tumbles to two-year low vs dollar after govt declares martial law

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South Korean won tumbles to two-year low vs dollar after govt declares martial law - Channel News Asia

Quick Summary:

NEW YORK : The South Korean won dropped to a more than two-year low against the U.S.dollar on Tuesday after South Korean President Yoon Suk Yeol declared martial law in an unannounced late night address live on YTN television.

FILE PHOTO: A South Korea won note is seen in this illustration photo May 31, 2017.

The South Korean unit fell to as low as 1,424.46 won per dollar, the lowest since November 2022.It was down 1.3 per cent at 1,422.