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USD/KRW Surges to 1,550, Could Hit 1,600 in Q3 as Foreign Investors Dump Korean Stocks

GateNews
Forex
According to Kyobo Securities, as of July 4, the USD/KRW exchange rate has surged to 1,550, up from 1,500 in May, driven primarily by foreign investors' continued equity sales. Year-to-date foreign stock liquidations total approximately $98 billion, matching the scale of South Korea's cumulative trade surplus of $138 billion. Senior Researcher Wi Jae-hyeon noted that passive fund rebalancing is likely to persist given South Korea's outperformance versus the MSCI Emerging Markets benchmark. While foreign exchange authorities have intervened to stabilize the rate, their available resources are estimated at roughly $50 billion for the second half of 2026. Wi warned that if rebalancing selling continues, the exchange rate could test 1,600 won by Q3.
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