B · Normal
[Member of the Bank of Korea: The recent appreciation of the South Korean won is faster than expected and requires close attention] On October 29, Hwang Kunil, a voting member of the Bank of Korea, warned that the recent fluctuation speed of the South Korean won needs to be closely watched, indicating that although this export-dependent economy is benefiting from the surge in demand for artificial intelligence (AI) chips, he remains cautious about exchange rate trends. He said that for exchange rates, one must pay attention to its volatility and speed of change, rather than specific points. The pace of recent moves has been slightly faster than expected, and volatility is being watched closely. Having said that, after adjusting for the large current account surplus and foreign capital rebalancing, downward pressure on the exchange rate remains.
Global market intelligence 🕐 2026-10-29 14:45

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