Strong Won Casts Dark Clouds Over Exports in May

The strengthening won has cast a shadow over exports this month. The won strengthened to over 1,020 range against the dollar to a six-year high.

Shin Seung-kwan at the Korea International Trade Association said exporters consider their break-even point an exchange rate of around W1,045.

If the won holds steady at around W1,024 range, 76.5 percent of Korean exporters will have to suffer losses, KITA claimed.

englishnews@chosun.com / May 15, 2014 11:15 KST