South Korean Won Falls Even as Authorities Signal Support

2025-10-24 03:32 By Erika Ordonez 1 min. read

The South Korean won fell to an over six-month low at 1,439 per dollar on Friday, even after the finance ministry said it was prepared to take measures to stabilize markets.

The statement came after Finance Minister Koo Yun-cheol met with Bank of Korea Governor Rhee Chang Yong and financial regulators, following the won’s slide to a six-month low earlier in the week.

Meanwhile, investors continued to monitor progress in high-stakes trade talks with the US ahead of next week’s APEC summit in Gyeongju, where Presidents Lee Jae Myung and Donald Trump are expected to discuss the USD 350 billion investment pledge.

Adding further pressure on the won, the US dollar edged higher as investors awaited a key inflation report that could shape the Federal Reserve’s policy outlook.



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