South Korean Won Holds Steady Amid US Trade Talks

The South Korean won held steady at around 1,391 per dollar on Monday, as investors closely monitored the trajectory of ongoing bilateral trade negotiations between Seoul and Washington, alongside a muted performance in the US dollar index. The currency’s stability reflected a measured improvement in investor sentiment, driven in part by reports that National Security Adviser Wi Sung-lac had departed for Washington for a second round of high-level consultations. The visit is viewed as a continuation of Seoul’s diplomatic efforts to secure a resolution and prevent the enforcement of tariffs, set to take effect on August 1.