Won-to-dollar exchange rate hits 1,473.2 won, highest since global financial crisis

And as U.S. tariffs rattle global financial markets the South Korean currency lost substantial ground against the U.S. dollar weakening to one-thousand-4-hundred-73 won at one point during trade on this Tuesday afternoon.

Now this is the won's weakest level against the greenback since the global financial crisis.

Accordingly at an emergency meeting of the country's top economic officials convened by Finance Minister Choi Sang-mok authorities acknowledged the vulnerability of the local financial market to external risk factors and agreed to remain vigilant in anticipation of further fluctuations.