SEOUL: South Korea's President Yoon Suk-yeol said he was not worried much about the country's external financial soundness, News1 reported on Friday (Sep 2). '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
SEOUL: 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 US$30 billion surplus", Yoon explained. The comment came as the South Korean won hit the weakest level since April 2009 at 1,357 won per dollar, having fallen more than 12 per cent so far this year.
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