The Korean won market is showing interesting dynamics lately. Strong demand for dollar-denominated lending has been evident, yet selling pressure remains surprisingly contained in South Korea. This divergence raises questions about market sentiment and liquidity preferences among Korean traders and institutions. While borrowing appetite for USD assets grows—reflecting either hedging concerns or yield-chasing strategies—the relative stability in selling activity suggests a more cautious approach to liquidations. Market participants seem caught between defensive positioning and reluctance to dump assets at current levels. For those tracking regional market flows, this Korean anomaly deserves attention, especially as it contrasts with more volatile patterns elsewhere. The interplay between strong lending demand and limited sell-offs could indicate either confidence in stabilization or simply strategic patience waiting for better exit opportunities.