South Korean President Expects Won to Strengthen Toward 1400 Level Amid Policy Guidance
President Lee Jae Myung expects the won to strengthen to 1,400 per dollar within two months. The currency gained 0.5 percent following his policy guidance.
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President lee jae myung of South Korea 
KRannounced on January 21, 2026, that national authorities expect the US Dollar / South Korean Won to strengthen to approximately 1,400 per dollar within one to two months. This policy signal is intended to reverse currency depreciation that has reached 16-year lows. Following the statement, the won appreciated 0.5% to reach 1,468.8 per dollar as traders reacted by unwinding long dollar positions. Earlier in the session, the won touched its weakest level since December 24 at 1,481.4 per dollar.
KRannounced on January 21, 2026, that national authorities expect the US Dollar / South Korean Won to strengthen to approximately 1,400 per dollar within one to two months. This policy signal is intended to reverse currency depreciation that has reached 16-year lows. Following the statement, the won appreciated 0.5% to reach 1,468.8 per dollar as traders reacted by unwinding long dollar positions. Earlier in the session, the won touched its weakest level since December 24 at 1,481.4 per dollar.
