South Korean won
Coverage of South Korean won in the Nexus archive.
- South Korean won holds steady as historic 24-hour trading begins
The South Korean won remained stable against the US dollar during its first day of 24-hour trading, marking a milestone in Seoul’s effort to open financial markets to global investors. The currency initially rose slightly before easing slightly later in the day.
- Korean Won Edges Higher on First Day of 24-Hour Trading
The South Korean won rose on the first day of 24-hour trading. BMI forecasts the won's strengthening this year due to solid growth momentum, bond index inclusion, and the end of the monetary easing cycle.
- South Korea Opens 24-Hour Won Trading at a Fraught Moment
South Korea has introduced 24-hour trading for the South Korean won amid a tense economic climate. The move comes at a time described as 'fraught,' suggesting heightened market or geopolitical pressures.
- Emerging Market Currencies Erase 2026 Gains as Dollar Advances
Emerging market currencies have erased their 2026 gains as the dollar strengthens. The South Korean won is approaching its weakest level since 2009.
- South Korea Won Slides Toward Weakest Since 2009 as Global Funds Sell Stocks
The South Korean won is sliding toward its weakest level since 2009 as global funds sell stocks. The currency's decline is linked to selling by international investors.
- Bulls Make Their Case as Stock Risks Pile Up
South Korean stocks plunged, threatening the world's biggest stock rally as investors withdrew from artificial intelligence investments that had driven the global bull market. The exchange rate between the South Korean won and the US dollar was displayed at Hana Bank in Seoul.
- AI euphoria getting reality check in South Korea, and vice versa
South Korea's stock market (Kospi) has surged 85% this year and 200% over the past year, driven by AI enthusiasm. However, this euphoria contrasts sharply with the won's weakness, which has depreciated 4.5% this year, becoming one of Asia's weakest currencies. The divergence highlights the reality check facing Korea's AI-driven market rally.
- Why South Korea’s Won Is Weak Despite An AI-Driven Stock Boom
South Korea's won currency has weakened despite strong performance in AI-driven stocks. The government has signaled its determination to address the currency's excessive weakness through intervention in foreign-exchange markets.
- Hedge Funds Bet on Won, Yuan Via Options After Ceasefire News
Hedge funds are utilizing options to bet on the South Korean won and Chinese yuan following ceasefire news, indicating increased financial activity linked to geopolitical developments. The move suggests market confidence in currency stability post-conflict resolution.