North Korea revised the Labor Wages Act in May to make it illegal for workers to be paid in foreign currency. In addition, ...

The North Korean authorities have intensified controls on trade officials who carry out or bring in foreign exchange, such as ...

In North Korea, the relentless rise in the exchange rates of foreign currencies, coupled with surging food prices, paints a bleak picture of an economy on the brink of collapse. Photo by Lukas ...

King Sejong, whose portrait is printed on South Korea’s 10,000 won banknote, was a key figure of the 15th century in the Joseon era (1392-1910). Other historical figures on the three other denominated ...

With the Korea-China currency swap agreement worth 400 billion yuan (about 70 trillion won) expiring on the 10th, attention is on whether the two countries will move to immediately extend it. The Bank ...

South Korea is reviewing "contingency plans" related to foreign exchange volatility, the Financial Times reported Thursday. The verbal intervention by Finance Minister Choo Kyung-ho took place as the ...

Kwon, 42 years old, who is planning a family trip to Da Nang, Vietnam, for the year-end holidays, has been checking the exchange rate between the Vietnamese dong and the Korean won daily. This is ...

SEOUL, South Korea - North Korea has revalued its currency for the first time in a half century, reportedly triggering chaos in the impoverished nation by moving to assert state control over a growing ...

The Korea Minting, Security Printing & ID Card Operating Corporation launched two currency-themed goods on the 23rd, including the 'Money Cushion' containing 5,000,000 Korean won worth of 50,000 ...

TOKYO -- Strong-armed currency reform in North Korea, which has confiscated the savings of small businesses and forbidden the use of foreign money, is now causing runaway inflation and contributing to ...

Inside China’s Rare Earth Empire: The Hidden Costs in Myanmar The South Korean government recently announced a warning regarding North Korea IT personnel with the goal of preventing North Korea from ...

North Korea's "currency reforms" introduced last fall have had disastrous human consequences. It wiped out the savings of North Koreans, and may have fueled more popular discontent with the regime.