The South Korean Won. (Photo: freepik/VNA)
On January 13th, the South Korean won continued its sharp decline, falling below 1,470 won to 1 USD due to the combined impact of a stock sell-off by foreign investors and a weakening yen.
Specifically, at 1:30 PM Vietnam time, the Won was trading at 1,473.7 Won/USD, down 5.3 Won from the previous trading session. This is the lowest level recorded since December 23, 2025, when it traded at 1,483.6 Won/USD.
Previously, the Won had hit its lowest point of 2025 on April 9th at 1,484.1 Won/USD. This level is also close to the record low exchange rate of 1,496.5 Won/USD on March 12th, 2009, during the global financial crisis.
Min Kyung-won, an analyst at Woori Bank, noted that demand for USD from importers and domestic investors to purchase foreign stocks has driven the exchange rate higher. Furthermore, the weakening of the Won has mirrored the depreciation of the Japanese Yen.
Notably, the Japanese Yen also fell to its lowest level since July 2024 on January 13th. This was due to news that Japanese Prime Minister Sanae Takaichi intends to dissolve the Lower House as soon as the regular parliamentary session begins next week.
Pressure on the South Korean currency intensified as foreign investors sold a net 276.77 billion won (US$187.7 million) on the Korea Exchange on January 13. However, despite this net selling, the Kospi index still rose 1.47% to a record high of 4,692.64 points.
Faced with the weakening domestic currency, South Korean monetary authorities intervened and implemented various policy measures, helping the exchange rate temporarily recover above 1,450 Won/USD. However, due to the prolonged supply-demand imbalance in the market, the Won has steadily depreciated since December 30th.
Source: https://vtv.vn/dong-won-han-quoc-giam-sau-100260113164051486.htm
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