# [Editorial] More red signs for economy - The Korea Herald

> Korea recorded its largest-ever monthly current account deficit of $4.52 billion in January, while exports fell 14.9% year on year. The won is losing value rapidly against the dollar, and the editorial flags the SVB collapse as an added risk.

- Date: 2023-03-12 · published 2023-03-12T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/37107-editorial-more-red-signs-for-economy-the-korea-herald
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A weak trade balance and currency slide raise the cost of dollar-priced feed and grain imports for Korean buyers, with limited near-term relief.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- koreaherald.com: https://www.koreaherald.com/article/3078975

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.