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Economy

Weaker won compounds South Korea's growing economic woes

Cheaper currency no longer lifts exports as it did in the past

SEOUL -- The South Korean won has fallen to its lowest levels in nearly two and a half years, and that has investors worried. The escalating trade spat between the U.S. and China is fueling anxiety about the nation's economy, which is heavily dependent on exports to its giant neighbor.

The won traded at 1,190.9 to the dollar on May 31, down about 6% this year. It is at its lowest levels since January 2017.

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