won
Coverage of won in the Nexus archive.
- South Korea to Ease FX Rules for Foreigners to Trade Won Easier
South Korea plans to liberalize its forex market by allowing foreigners to trade the won more freely, marking a significant step toward full currency convertibility. The move aims to make the won more accessible to foreign investors.
- South Korea Plans FX Rule Easing to Expand Won’s Global Use
South Korea plans to ease foreign exchange (FX) rules to promote the global use of its currency, the won. The move aims to enhance the won's international adoption through regulatory adjustments.
- Traders braced for won volatility after blockbuster SK Hynix listing
South Korean chipmaker SK Hynix is expected to repatriate over $26 billion from its share sale, causing traders to anticipate won volatility in the coming month.
- Won’s 24-Hour Trading Debut Passes With Below-Average Volume
Won's 24-hour trading debut occurred with below-average trading volume, indicating a mixed reception in the market. The event did not meet typical volume expectations, though specific impacts remain unclear.
- Korea, US Agree Cooperation on Won Weakness, Seoul Official Says
South Korea and the US agreed to maintain close cooperation in addressing the weakness of the won, according to Korea’s top foreign-exchange official.
- South Korea Vows Action in Case of Excessive Move as Won Weakens
South Korea has pledged to take action if there is an excessive move, as the won weakens. The government's response is tied to currency fluctuations impacting economic stability.
- State Street Head Trader Says Won May Rebound in Second Half
State Street's head trader predicts the Won currency may rebound in the second half. The article mentions Ji Wang Seo as the photographer and Susie Kang/Bloomberg as the source.
- Why South Korea’s won is falling despite a chip export earnings bonanza
South Korea's won is declining despite a record trade surplus driven by AI-related chip exports. The currency remains one of Asia's worst-performing, even as export earnings from chips hit a high.
- ‘Transitory euphoria’: South Korea’s strong economic outlook masks key hurdles
South Korea’s economy is growing stronger than expected in 2023 with a revised growth outlook of 2.6%, driven by robust semiconductor exports and government spending. However, analysts highlight risks including rising inflation, a weakening won, and uneven sectoral performance.
- Why Korean Pension Fund’s New Hedging Policy Supports Won
The Korean Pension Fund has implemented a new hedging policy which is expected to support the value of the Won. This policy aims to mitigate potential losses and stabilize the currency. The move is seen as a strategic decision to bolster the economy.
- Korea FX Deposits Slide by Record as Weak Won Spurs Conversions
South Korea's foreign exchange deposits declined sharply as a weak won prompted conversions. The country's stocks and currency fell following President Donald Trump's warning to North Korea about potential U.S. responses.
- Korea’s Pension Fund NPS Expands Currency Hedging to Bolster Won
Korea’s Pension Fund NPS is expanding currency hedging strategies to strengthen the won. This move aims to mitigate currency risks and stabilize the Korean currency.