Won’s comeback comes at a cost

The South Korean won’s rapid rebound to its strongest level in nearly two years is proving a double-edged sword: easing import costs while threatening the earnings of the semiconductor giants powering the country’s growth. The won strengthened to 1,334.7 per dollar in onshore Seoul trading Monday, its strongest level since Oct. 4, 2024. It has gained more than 200 won against the dollar in just over two months after weakening to 1,599.2 on July 1. The currency was trading at 1,346.08 per dollar

Source: The Korea Herald