South Korea's automobile and consumer electronics sectors are feeling the pinch of a strong local currency that is forcing some to downgrade second-quarter earnings estimates, industry sources said Sunday.
The Korean won started to strengthen against the U.S. dollar in late March and rose to 1,020.1 won to the greenback as of Friday, compared with an exchange rate that hovered in the 1,060 won to 1.070 won range in the first few months of 2014.
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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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