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Korean won falls nearly 6% against dollar this year amid foreign stock sell-off
KR🏛️ Politics7 hr. ago

Korean won falls nearly 6% against dollar this year amid foreign stock sell-off

The South Korean won has depreciated nearly 6 percent against the US dollar this year, according to data from the Bank of Korea, marking the second-largest first-half depreciation on record. Foreign investors have sold over 156 trillion won ($102.3 billion) worth of domestic stocks, significantly exceeding the levels seen during the 2008 global financial crisis. The won reached above the 1,500-won level against the dollar for the first time since the global financial crisis, driven by geopolitical tensions in the Middle East. While the won briefly stabilized below 1,400 won, it has remained above 1,500 won since mid-May. Among G20 currencies, only the Turkish lira and the Indonesian rupiah have experienced greater depreciation. The sharp decline reflects ongoing foreign capital outflows and heightened economic uncertainty.

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1 reports

The Korea Herald logoThe Korea HeraldIndependentCenter7 hr. ago
Korean won falls nearly 6% against dollar this year amid foreign stock sell-off

The South Korean won has depreciated nearly 6 percent against the US dollar this year, according to data from the Bank of Korea, marking the second-largest first-half depreciation on record. Foreign investors have sold over 156 trillion won ($102.3 billion) worth of domestic stocks, significantly exceeding the levels seen during the 2008 global financial crisis. The won reached above the 1,500-won level against the dollar for the first time since the global financial crisis, driven by geopolitical tensions in the Middle East. While the won briefly stabilized below 1,400 won, it has remained above 1,500 won since mid-May. Among G20 currencies, only the Turkish lira and the Indonesian rupiah have experienced greater depreciation. The sharp decline reflects ongoing foreign capital outflows and heightened economic uncertainty.

Bias read (Center): The article presents factual economic data without overt ideological framing. It reports on the depreciation of the Korean won and foreign investment trends without taking a clear partisan stance. The focus remains on objective economic indicators and international market dynamics, with balanced use

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