The South Korean won strengthened to around 1,392 per dollar on Wednesday, snapping a three-day decline as investors digested a raft of economic data and drew confidence from renewed government initiatives. Figures showed a shift from contraction to growth, with the economy expanding 0.7% quarter-on-quarter in Q2 2025 and topping estimates of a 0.6% increase, reinforcing optimism over the growth outlook. Separately, South Korea’s foreign exchange reserves rose to $416.3 billion in August from $411.3 billion in July, led by higher securities holdings and a jump in deposits, strengthening South Korea’s external buffers and easing fiscal risk concerns. Adding to the momentum, the government announced a KRW 570 billion emergency financial aid for the steel and aluminum sectors to mitigate the impact of a 50% US tariff, comprising targeted low-interest lending facilities and interest-rate support measures for SMEs.
Manage Consent
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.
The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.