Korea Ministry of Finance: Korea Chip Manufacturers, Shipbuilding Enterprises, Inc

On Tuesday, 14 July, the Ministry of Finance of the Republic of Korea indicated that, as major chips and shipbuilding enterprises began to sell United States dollars in large quantities on the forward market, the coffers of Korea were improving. In a statement, the sector stated: “The foreign exchange market is expected to experience structural changes in supply and demand conditions in the second half of the year, based on strong fundamentals such as a record trade surplus.” On Tuesday, the Korean dollar rose by 0.75 per cent against the United States dollar, reaching 1486.30, the highest level since 12 May. Kim Xian