South Korea Warns on Won Weakness May Limit Dollar Investments

South Korea Warns on Won Weakness May Limit Dollar Investments

The Bank of Korea's governor warned that the Korean won's depreciation could exacerbate inflation, hinting at potential restrictions on US investments to stabilize the exchange rate. While the central bank held interest rates steady, internal divisions regarding rate cuts exist. The government is set to announce policies related to the US trade agreement and the foreign exchange market, drawing market attention. South Korea's ample dollar reserves provide a buffer against exchange rate risks. The market is closely watching the government's upcoming policy announcements and the central bank's future actions.

Guam Airport Strengthens Western Pacific Connectivity

Guam Airport Strengthens Western Pacific Connectivity

Guam's Antonio B. Won Pat International Airport, located in Agana, Guam, is a vital civilian airport. Serving as an operating base for United Airlines and Asia Pacific Airlines, the airport has a rich history, originating as a military airfield during World War II. After multiple expansions, the airport boasts modern facilities and a comprehensive route network, connecting Guam with Asia and the Pacific region. It is not only Guam's aerial gateway but also a key facilitator of local tourism and economic development.