South Korean won hits yearly low over US tariff concerns, affecting major companies.

The South Korean won reached a yearly low on Monday, dropping to 1,471.35 won per US dollar, due to concerns over US tariffs on imports from various countries. This decline has also affected South Korean stocks, with the KOSPI index falling 2.24%. Major companies like Samsung, LG, and Hyundai, which have production bases in countries targeted by the tariffs, are expected to face economic challenges.

2 months ago
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