Korean Won Retreats After Multi-Month High

2026-02-27 02:56 By Mariene Camarillo 1 min. read

The South Korean won weakened to around 1,437 per dollar, reversing gains as investors booked in profits following multi-month highs.

Despite the short-term pullback, domestic economic fundamentals remain solid.

January tax revenue rose 13.4% year-on-year to 52.9 trillion won, driven by higher value-added tax and income tax collections, reflecting strong consumer spending, employment growth, and active real estate activity.

On the international front, sentiment was bolstered as South Korea deepened strategic economic ties with the United Arab Emirates, agreeing to over US$65 billion in cooperation projects, including $35 billion in defense and $30 billion in investment initiatives.

The partnership spans defense, nuclear energy, and potential joint expansion into third-country markets, offering long-term growth opportunities for Korean firms and supporting foreign investment inflows.



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Korean Won Retreats After Multi-Month High
The South Korean won weakened to around 1,437 per dollar, reversing gains as investors booked in profits following multi-month highs. Despite the short-term pullback, domestic economic fundamentals remain solid. January tax revenue rose 13.4% year-on-year to 52.9 trillion won, driven by higher value-added tax and income tax collections, reflecting strong consumer spending, employment growth, and active real estate activity. On the international front, sentiment was bolstered as South Korea deepened strategic economic ties with the United Arab Emirates, agreeing to over US$65 billion in cooperation projects, including $35 billion in defense and $30 billion in investment initiatives. The partnership spans defense, nuclear energy, and potential joint expansion into third-country markets, offering long-term growth opportunities for Korean firms and supporting foreign investment inflows.
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South Korean Won Hits 4-Month High
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