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fx

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Bank of Korea Governor Shin Hyun-song delivers his inaugural address at the inauguration ceremony held at the Bank of Korea in Jung District, central Seoul, on April 26. [NEWS1]

Korea's daily forex trading hit record high in Q1, BOK data reveals

Daily foreign exchange trading by banks in Korea hit an all-time high in the first quarter, driven by increased cross-border trading of stocks and bonds and hedging, central bank data showed Wednesday.

2026.4.29

Finance Minister Koo Yun-cheol, left, shakes hands with U.S. Treasury Secretary Scott Bessent during his visit to New York to attend the Korea Investment Summit on Sept. 24, 2025. [NEWS1]

Korea, U.S. agree to continue consultations on forex developments

Finance Minister Koo Yun-cheol and U.S. Treasury Secretary Scott Bessent agreed to continue consultations on foreign exchange market developments as the won remains persistently weak against the dollar.

2026.4.19

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Finance Minister Koo Yun-cheol visits the headquarters of NH Investment & Securities in Seoul on April 3. [YONHAP]

Finance chief says incentives for reshoring stock investments will improve foreign exchange rate

Finance Minister Koo Yun-cheol said Friday offering tax incentives to encourage offshore-bound investments to return to the domestic stock market will help improve foreign exchange supply and demand.

2026.4.3

An employee at Hana Bank's counterfeit response center in central Seoul examines dollars bills on March 5. [YONHAP]

WGBI inclusion offers little relief for weak won as return to pre-war conditions remains elusive

Korea's inclusion in the FTSE World Government Bond Index, a long-sought goal, but the expected capital inflow boom has taken a hit as markets remain volatile on the back of the Iran war, and are projected to remain so for some time.

2026.4.1

Electronic display boards show Korea's financial markets at Hana Bank's dealing room in central Seoul on March 19. The won was above the 1,500 level when the regular session closed at 3:30 p.m. — the first time for it to be at that level during intraday trading since the financial crisis in March 2009.[YONHAP]

Won hits 17-year low as surging energy prices, Fed hawkishness rattle market

The won closed above the psychological threshold of 1,500 against the dollar on Thursday, marking the first time it has done so since the global financial crisis 17 years ago.

2026.3.19

Finance Minister Koo Yun-cheol speaks during a meeting on macroeconomic and financial issues at the Korean Federation of Banks building in Jung District, central Seoul, on March 19. [YONHAP]

Gov't verbally intervenes to stabilize markets amid Iran war tensions, U.S. rate freeze

The government verbally intervened to stabilize Korea's financial markets on Thursday amid escalating tensions in the Middle East and a rate freeze by the U.S. Federal Reserve in Washington on Wednesday.

2026.3.19

Foreign exchange rates are displayed on an electronic board at Incheon International Airport Terminal 1 on March 18. [NEWS1]

Won flirts with crisis-era levels, adding to inflation strain amid escalating Middle East conflict

The escalating Middle East conflict is driving the dollar-won exchange rate toward historic levels, breaching the key 1,500 threshold three times over the past two weeks, giving rise to concerns about a new norm as long as the turmoil persists.

2026.3.18

Bank of Korea Gov. Rhee Chang-yong, right, and Martin Schlegel, chairman of the governing board of the Swiss National Bank, pose for a photo after renewing a currency swap agreement at the headquarters of the Bank for International Settlements in Basel, Switzerland, on March 9. [BOK]

BOK, Swiss National Bank extend currency swap agreement through March 2031

The Bank of Korea and the Swiss National Bank renewed the won-franc bilateral swap agreement, extending the deal through March 2031, said Korea’s central bank on Monday.

2026.3.9

A bank official holds U.S. dollars at a Hana Bank branch in central Seoul on Nov. 5, 2025. [YONHAP]

U.S. puts Korea back on currency watchlist, makes rare remarks on weak won

The United States has again put Korea on its currency monitoring list, maintaining its decision made last June and adding another burden at a time when the two countries are already at odds over follow-up steps to a tariff deal.

2026.1.30

A customer at a foreign exchange counter converts currencies in Myeongdong in central Seoul on Jan. 26. [NEWS1]

U.S.-Japan intervention threat lifts won to this year's high

The won strengthened to its strongest level this year on Monday, driven by signs of a potential U.S.-Japan joint intervention on the weak Japanese yen, which often moves in tandem with the won.

2026.1.26