The South Korean won fell to around 1,383 per dollar on Tuesday, extending its slide as markets monitor trade talks between South Korea and the US, aiming to avoid tariffs, reportedly up to 25% on key exports such as autos, steel, and semiconductors. On Monday, Trade Minister Yeo Han-koo said a full deal may not be feasible within 20 days, but an "in-principle" agreement could be reached to avert the immediate tariff threat. He also said Seoul may consider concessions on US agricultural access as part of a broader "strategic judgment," though sensitive sectors remain a priority. The uncertainty has driven investors toward safer assets like the US dollar. A weaker KRW increases the burden of dollar-denominated debt and import costs, especially energy and raw materials, and may add inflationary pressure. Meanwhile, it boosts Korean export global competitiveness, offering short-term relief for key industries. The KRW's fall reflects caution over the talks' pace and outcome.