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World

South Korea president calls for steps to help exporters hit by strong won

  • He said that measures to boost exports and investments should be further bolstered at a time when domestic demand and consumption are shrinking due to a worsening COVID-19 situation at home.
14 Dec 2020

SEOUL: South Korea's President Moon Jae-in on Monday called for steps to help exporters hit by the won currency's strength versus the dollar in a rare comment about the foreign exchange market.

He said that measures to boost exports and investments should be further bolstered at a time when domestic demand and consumption are shrinking due to a worsening COVID-19 situation at home.

On Sunday, President Moon warned that the COVID-19 restrictions may be raised to its highest level as the country reported a record 1,030 infections.

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