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2025-07-30 08:21:46
[South Korean media: The United States has asked for the appreciation of the won in recent exchange rate negotiations] According to the Korea Economic Daily, the United States has asked for the appreciation of the won in recent exchange rate negotiations with South Korea. The report did not cite sources. When South Korean Finance Minister Koo Yun-cheol holds his last trade talks with US Treasury Secretary Benson on July 31, the exchange rate issue will once again become a topic of discussion. Market participants generally believe that the won is overly undervalued relative to South Korea's economic fundamentals; but since internal and external uncertainties are the main drivers of the won's weakness, it is difficult for the South Korean government to propose clear measures to boost the won during negotiations with the United States. A potential bargaining chip is to change the frequency of disclosure of the Bank of Korea's quarterly intervention data to monthly disclosure.
