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Korean won sharply weakens amid martial law turmoil
The South Korean currency dipped against the U.S. dollar Monday as a political crisis deepens in South Korea in the aftermath of President Yoon Suk Yeol's brief martial law imposition last week. The Korean won opened at 1,426.0 won per dollar, down 6.8 won from the previous session, and fell further to as low as 1,431.35 won at around 10:07 a.m. The Korean won was the worst performer among major peers last week, down 1.86 percent against the dollar. The won's weakening came as a political crisis sparked by Yoon's martial law imposition continues to persist following a failed attempt to impeach Yoon. A motion to ... (full story)
