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The won exchange rate is a problem these days, but the situation in Japan, the neighboring country, is also difficult.
The Japanese yen has fallen to its lowest level in 32 years, raising concerns that the Korean economy may also be on fire.
On the sidewalk, this is reporter Im Tae-woo.
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Incheon International Airport is crowded with passengers bound for Japan.
This is because visa-free entry is now possible and the yen has fallen to its lowest level in six years.
The number of Korean tourists who visited Japan last week was about 61,000, more than 20 times more than last year.
This year, while the won has risen 20% against the dollar, the yen has risen 30%, resulting in a faster depreciation.
It broke down to the level of 150 yen per dollar, the psychological resistance level.
We are following the pace of the US interest rate hike to some extent, but Japan is a storm after insisting on negative interest rates.
During Prime Minister Abe's time, he issued government bonds equivalent to one kilogram of our money to revive the economy by releasing money, because raising interest rates increases the interest burden.
This situation is not good for us either.
As foreign investors view the yen, the Korean won and the Chinese yuan as a bundle, there is a risk that they will depreciate together.
[Yeo-Sam Yoon / Researcher at Meritz Securities: The yen's further triggering in terms of the collapse of trust in safe assets can lead to the burden of the Japanese government bond market, liquidity according to the Asian region, and crises in other government bond markets…
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As the Japanese authorities are not yet willing to change their exchange rate policy, financial instability such as increased volatility is likely to continue for some time.