this post was submitted on 28 May 2025
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More Korean firms pressed to make import payments in Chinese yuan (www.koreatimes.co.kr)
submitted 4 days ago by juan to c/world@quokk.au
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Korean companies are increasingly being pressed to make payments in Chinese yuan when importing goods from China, as Beijing exerts increasing influence in global trade and seeks to undermine the dominance of the U.S. dollar, according to experts, Wednesday.

Korean exporters still mostly take dollars from Chinese buyers. But the Chinese currency can be used more frequently in long-term transactions if the greenback becomes weaker due to U.S. tariff policies and unstable monetary measures, they said.

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