South Korean Won Climbs Against US Dollar

On October 7, 2026, the South Korean won continued its upward trend against the US dollar, reaching a rate of 1,340.4 won per dollar by 3:30 PM. This marks an increase of 3.2 won from the previous trading session. The won even peaked at 1,337.6 per dollar during morning trading, its strongest level since September 10.

This rise is largely attributed to local semiconductor manufacturers selling dollars, which has bolstered the won's value. However, the overall gains were somewhat restrained as foreign investors were net sellers of local stocks, offloading approximately 2.6 trillion won (about $1.94 billion) in shares.

The Korea Composite Stock Price Index fell by 1.98%, closing at 6,803.90, reflecting the impact of foreign selling on the market. Analysts suggest that the strengthening won could influence trade and investment flows in the coming months, potentially benefiting importers while posing challenges for exporters.

As the currency dynamics shift, market participants will be closely monitoring these developments to assess their implications for the South Korean economy.