Exchange Rate Drops by over 200 Won in Two Months… Companies with Money Left over After Paying Taxes Face Potential for Further Dollar Decline

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The Korean won has recently continued to strengthen, with the exchange rate falling by more than 200 won over the past two months. This is analyzed to be primarily caused by corporate dollar sales related to the exchange of export proceeds and shareholder returns. While this has a price stabilization effect, rapid exchange rate fluctuations are increasing the management burden on companies. Future demand for overseas direct investment is cited a…

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The won-dollar exchange rate closed the week in the 1,330 won range for the first time in approximately 23 months. With the exchange rate, which had surpassed the 1,500 won mark last July, plummeting by over 200 won in just over two months, the trend of the won strengthening continues. (Photo = Yonhap News) On the 9th, in the Seoul foreign exchange market, the won-dollar exchange rate recorded 1,336.1 won as of 3:30 PM, down 9.5 won from the pre…

asiae.co.kr

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As of 3:30 p.m. on the 9th in the Seoul foreign exchange market, the won-dollar exchange rate is trading at 1,336.1 won, down 9.5 won from the previous day's weekly closing price.

ddaily.co.kr

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[Digital Daily Reporter Lee Ho-yeon] The exchange rate, which had soared to 1,560 won, has fallen by more than 200 won in just over two months. This result was driven by strong semiconductor exports and corporate dollar selling. As the exchange rate plummeted, dollar purchases by companies and individuals also increased, causing dollar deposits at the five major banks to swell to an all-time high. ◆ Won Strength Driven by Semiconductors… Corpor…