The South Korean won rose to around 1,380 per dollar on Monday, tracking gains amid a softer dollar and improved market sentiment following the recent US-EU trade agreement. The won’s rebound followed renewed investor interest in Asian assets and development in trade discussions between South Korea and US. Seoul proposed a multibillion-dollar shipbuilding investment package dubbed “Make American Shipbuilding Great Again” (MASGA), involving major capital investments by private South Korean shipbuilders in the US. In addition, the package also includes financial support through loans and guarantees from Korean institutions. US Commerce Secretary Howard Lutnick, a key figure in the ongoing trade negotiations, reportedly responded favorably to the offer. Separately, SK Finance Minister Koo Yun-cheol is scheduled to visit Washington later this week and may meet with US Treasury Secretary Scott Bessent by Thursday, potentially advancing talks ahead of the August 1 trade deadline.
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.