South Korean Won Tumbles Against U.S. Dollar on Foreign Outflows
The South Korean won has significantly depreciated against the U.S. dollar due to foreign capital outflows.
The South Korean won has significantly depreciated against the U.S. dollar due to foreign capital outflows.
On October 13, 2026, the South Korean won experienced a notable decline against the U.S. dollar, trading at 1,345.1 won per dollar. This depreciation is largely attributed to foreign investors continuing to sell off local stocks, leading to a sharp drop in the KOSPI index, which fell over 5 percent.
The sell-off was driven by concerns surrounding investments in artificial intelligence, particularly following reports of advancements by China's CXMT in chip technology. Major South Korean companies, including Samsung Electronics and SK Hynix, faced significant losses as a result.
During the latest trading session, foreign investors sold a net total of 4.5 trillion won (approximately $3.4 billion) worth of shares, marking the sixth consecutive day of net selling. This trend has raised alarms regarding the overall stability of South Korea's economy, with analysts warning of potential long-term impacts.
As the situation unfolds, market participants are closely monitoring the movements of the won and the KOSPI index, as further declines could exacerbate economic challenges for the nation.
Related companies
Where it matters
Related coverage
Money Supply Continues to Rise in August Driven by Short-Term Deposits
Seoul Shares Plunge Over 7% Amid Chip Sector Rout and Inflation Concerns
Korean Air's Q3 Net Profit Jumps Tenfold
