Korean Won

Korean won news — USD/KRW exchange rate moves, foreign exchange policy, and currency outlook.

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Korea Authorities Warn Firms Hoarding Export Dollars as Won Hits 17-Year Low

The won-dollar rate hit 1,561.5 won, a 17-year high, as Korean exporters hoard export dollars instead of converting them. Authorities warn against the practice.

Published 2026.06.07. 17:54:42

Korean Won Sinks Past 1,560 Per Dollar as Firms Hoard Greenbacks

Korea's won fell past 1,560 per dollar for the first time since the financial crisis, as corporate dollar deposits surged nearly $3.5 billion in three days amid expectations of further won weakness.

Published 2026.06.07. 17:03:25

Chip Rally Faces Test From Won Slide and SpaceX Headwinds

The KOSPI plunged 5.54% on a "Black Friday" as foreign selling, won weakness near 1,549, and SpaceX listing-driven liquidity outflows hit Samsung Electronics and SK hynix.

Published 2026.06.07. 07:00:05

Korean Won Breaches 1,560 Per Dollar in Overnight Trading, Nearing Crisis Levels

The won-dollar exchange rate broke above 1,560 won in overnight trading, nearing global financial crisis levels, as strong U.S. May jobs data lifted rate hike expectations to 71%.

Published 2026.06.06. 06:05:52

Korean Won Hits 17-Year Low as Airport Dollar Rate Tops 1,600

The won-dollar rate hit a 17-year high of 1,545.30 won, with airport dollar rates topping 1,600 won. U.S. study tuition burdens rose over 12 million won annually as families feel the pinch.

Published 2026.06.05. 19:46:42

'S·T·O·R·M' Fears Mount: "Old Economic Wisdom Won't Find Solutions"

Former Korean economic chiefs warn the "3 Highs" of high exchange rate, inflation, and interest rates need macro-level solutions, not micro fixes, urging fiscal restraint and reshoring policies.

Published 2026.06.05. 18:23:40

Korean Won Posts Steepest Drop Among Major Currencies Since Mideast War

The Korean won fell 6.9% since the Middle East war began, the steepest drop worldwide, as the won-dollar rate hit 1,600 won at airport counters, the highest since 2009.

Published 2026.06.05. 18:22:06

Retail Investors Pile Into Dollar Inverse ETFs, Buying 21.7 Billion Won in Four Days

Korean retail investors net bought 21.7 billion won of dollar inverse ETFs in four days, betting the won-dollar rate will fall, but experts warn the high exchange rate may persist.

Published 2026.06.05. 17:47:55

Overseas Card Spending Dips in Q1 as Won Weakens

Koreans' overseas card spending fell 0.1% to $6.1 billion in Q1, the first decline in four quarters, as a weak won curbed cross-border online shopping, the Bank of Korea said.

Published 2026.06.05. 12:00:05

SpaceX IPO Opens Indirect Access for Korean Investors via ETFs, Funds

SpaceX's Nasdaq IPO at a $1.75 trillion valuation opens indirect investment for Korean retail investors via ETFs and funds, while foreign selling sends KOSPI down 1.84% and the won past 1,530.

Published 2026.06.05. 11:48:55

Won Tops 1,540 Per Dollar in Day Session as Foreigners Dump Stocks

The Korean won broke past 1,540 per dollar in day trading, spiking to 1,541.9, its highest since the 2009 financial crisis, as foreign investors dumped local stocks.

Published 2026.06.05. 10:09:12

From Coffee to Burgers, Everything but Paychecks Is Rising

South Korean dining chains from coffee to burgers are raising prices as the won-dollar exchange rate tops 1,500 won, with raw material costs surging and further hikes expected in the second half.

Published 2026.06.05. 06:00:05

Won Tops 1,540 Per Dollar, First in 17 Years, as Dollar Selling Vanishes

The won-dollar exchange rate topped 1,540 won for the first time in 17 years as dollar selling vanished, with foreign stock selling and U.S. tariffs adding pressure despite verbal intervention.

Published 2026.06.05. 03:48:11

Won Breaches 1,530 Per Dollar; Korea Must Build Strong FX Defenses

The won-dollar exchange rate breached 1,530 for the first time since 2009, amid the "three highs" of high prices, rates, and FX. Korea must build strong defenses.

Published 2026.06.05. 24:00:05

Korean Won Tops 1,540 in Night Trading, Highest Since Financial Crisis

The won-dollar exchange rate topped 1,540 in night trading, its highest since the 2009 financial crisis, amid Middle East tensions, dollar strength, and heavy foreign stock selling.

Published 2026.06.04. 17:55:58

Weak Won Lures Foreign Tourists to Extend Stays at Seoul Luxury Hotels

Foreign tourists are extending stays at Seoul's 4-5 star hotels as the won-dollar rate hits 1,500 won. Long-stay foreign guest share jumped up to 20 percentage points at luxury hotels in early 2025.

Published 2026.06.04. 08:00:05

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