INDUSTRY & ECONOMIC POLICY
Won-Dollar Exchange Rate Hits 17-Year High—The Paradox of 'A Weak Won Amid Export Boom'
Despite May exports reaching a record $87.7 billion and a trade surplus of $26.9 billion, the exchange rate breached the 1,550-won mark; dollar strength, foreign selling, and geopolitical risks overpower the trade surplus.
Won-Dollar Exchange Rate Hits 17-Year High—The Paradox of 'A Weak Won Amid Export Boom' Entering June 2026, the won-dollar exchange rate soared to its highest level in 17 years. During the same period, South Korea's monthly exports broke historical records.…
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