South Korean central bank member: The won has appreciated faster than expected recently, close attention is needed
2026-10-29 12:46:42
According to CoinMeta, a voting member of the South Korean Central Bank, Hwang Kunil, warned that the recent volatility of the won needs to be closely monitored. Although this export-dependent economy is benefiting from the surge in demand for artificial intelligence (AI) chips, he remains cautious about the exchange rate trend. He stated that it is essential to pay attention to the volatility and speed of exchange rate changes, rather than specific levels. The recent pace of volatility has been slightly faster than expected, and he is closely watching its dynamics. Hwang Kunil also mentioned that the recent appreciation of the won is due to a surge in dollar inflows brought about by global artificial intelligence infrastructure construction, which has increased demand for the special storage chips produced by South Korea's top chip manufacturers, SK Hynix and Samsung Electronics.
Source:Jin10 Data
This content is for market information only and does not constitute investment advice.
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