S.Korea president: not too worried about external financial standing -News1

09/02/2022

Less than a minute

2022.09.02 04:06

S.Korea president: not too worried about external financial standing -News1
FILE PHOTO: South Korea’s President Yoon Suk-yeol holds first official news conference, after taking office in May, to mark 100 days in office, in Seoul, South Korea August 17, 2022. Chung Sung-Jun/Pool via REUTERS

SEOUL (Reuters) – South Korea’s President Yoon Suk-yeol said he was not worried much about the country’s external financial soundness, News1 reported on Friday.

“The trade deficit widened by a great degree in August due to high crude oil and commodity prices, but the current account is expected to post about $30 billion surplus,” Yoon explained.

The comment came as the South Korean won hit the weakest level since April 2009 at 1,357.2 per dollar, having fallen more than 12% so far this year.

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09/02/2022

Less than a minute