Korea

SEOUL  -South Korean President Yoon Suk-yeol called on Friday for more urgency in dealing with turbulent markets as the won’s fall to a 13-1/2-year low heightened fears of capital flight. He made the remarks at a meeting of economic officials as a weekly opinion poll found his approval rate fall to 24 percent, the lowest level since he took office six months ago. “We have built a stronger breakwater than in the past in terms of external soundness and already implemented market stabilizing measures, but it is time to deal with the situation with a sense of more urgency,” Yoon said at the beginning of the meeting. It appeared to be indicating imminent intervention in markets and dealers suspected the authorities of “carrying out smoothing operation” of modest intervention, but there was no talk of massive intervention on Friday. The won managed to end the day’s onshore trading 0.6 percent higher versus the dollar but suffered a 6.47 -loss for the month of September, marking the … [Read more...] about S.Korea’s Yoon calls for vigilance over markets as won has worst month in 11 years

As the world opens up and pandemic restrictions easing, ‘revenge travel’ has become a common sentiment among wanderlusts. With all the planning that comes with traveling, leading travel and experiences platform  Klook and Philippines’ undisputed mobile wallet giant GCash have signed on a partnership to provide a hassle-free way of booking and accessing 490,000 travel-related products from over 1,000 destinations. At a recent intimate event last September 12, 2022, at The Gallery by Chele, Klook and GCash announced their partnership led by CS Soong, VP for Global Corporate Development, and Michelle Ho, General Manager for the Philippines, Thailand, & Vietnam. For GCash’s signatories, those present were Ren Ren Reyes, Chief Commercial Officer, Luigi Reyes, VP and Head of Commercial Sales and Operations, and Macky Limgenco, AVP for Enterprise. Klook is one of the leading travel and experience platforms for sought-after lifestyle experiences that consumers can get … [Read more...] about Klook and GCash come together for hassle-free travel experience