6 August 2025, 06:43 South Korea: Won Slips on Dollar Strength.
The South Korean won weakened to around 1,388 per dollar on Wednesday, slipping from its prior session’s stability, as the dollar held firm amid a risk-off sentiment in Asian markets. On the domestic front, unresolved provisions in the recent trade agreement continue to pose potential disputes as South Korea and the US prepare for a summit between President Donald Trump and President Lee Jae-myung. In response, the Finance Ministry established a task force Tuesday to develop policies supporting firms managing tariffs and diversifying export markets. The government plans to stimulate short-term demand while investing in medium to long-term technological innovation to enhance competitiveness. Additionally, South Korea, the world’s fourth-largest thermal coal importer, raised imports to 7.49 million metric tons in July from 5.49 million in June, the highest monthly volume since last August.
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