SEOUL, June 23 (Yonhap) -- South Korea's currency on Thursday fell below the 1,300-won level against the U.S. dollar for the first time in about 13 years amid growing concerns about global monetary tightening and an economic recession.
The Korean currency was trading at 1,300.50 won against the dollar as of 9:19 a.m., down 3.2 won from the previous session.
It marked the first time that the won has fallen through the 1,300-won level per the greenback since July 15, 2009.
Display, electronics makers dealt blow by COVID-19 lockdowns in China
S. Korean firms in delicate balancing act over U.S. economic framework
(News Focus) BOK expected to seek further rate hikes but place more weight on growth: experts
Yoon to seek small gov't stance to spur economic growth
Having passed major regulatory hurdle for Intel deal, SK hynix eyes economies of scale, sharper competitive edge