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South Korea's Chip and Shipbuilding Firms Sell Large Dollar Amounts in Forward Markets; Won Rises 0.75% to 1,486.30 on Tuesday

2026-07-14 06:01:01

According to South Korea's Finance Ministry, major chip manufacturers and shipbuilding companies are selling large amounts of U.S. dollars in forward markets, signaling improving forex conditions. The Korean won strengthened 0.75% against the dollar on Tuesday, reaching 1,486.30, its highest level since May 12. The ministry attributed the shift to record trade surpluses and strong economic fundamentals.

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