Korean Won Strengthens 0.75% as Chip and Shipbuilders Dump Dollars
2026-07-14 13:30

Woofun AI reports that South Korea's Ministry of Finance confirmed major chip and shipbuilding firms are selling significant dollar amounts in the forward market. The ministry cited record trade surpluses as a driver for expected structural shifts in foreign exchange supply and demand during the second half of the year.

The won appreciated 0.75% against the US dollar on Tuesday, reaching 1,486.30. This marks the currency's strongest level since May 12.

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