#Korean Won
Total 5 articles
Major investment banks have lifted South Korea's 2026 inflation forecast to 2.0%, citing the persistently weak won. With the currency nearing 1,500 per dollar, import costs are rising, posing a dilemma for the Bank of Korea.
South Korea's KOSPI index fell, snapping a 3-day winning streak, due to profit-taking by retail investors. In contrast, the Korean won surged by the most in 3 years after government intervention.
A South Korean official stated the country's 2026 investment in the U.S. will likely be 'much smaller' than the $20 billion cap, a move to calm markets as the won hits a 16-year low.
South Korea's finance ministry has signaled decisive intervention to support the falling won. The move comes as investors shift funds abroad, raising concerns about market stability.
A new FKI poll reveals 52% of South Korea's top companies expect a challenging 2026, citing a weak won and slow domestic demand. We analyze the risks and potential impact on the Korean economy and global investors.