The USD/KRW exchange rate has been steadily declining toward the 1340 level since late June, reflecting growing confidence in the Korean Won. According to FX Street, this trend is largely driven by optimism surrounding South Korea's booming memory chip sector and robust investment plans.
DBS Group Research analyst Chang Wei Liang highlights that the strong fundamentals in Korea's technology industries are underpinning the currency's strength, encouraging investors to favor the Won over the US dollar in recent weeks.
For Japanese investors, the Korean Won’s resilience amid global FX volatility offers a noteworthy example of how tech sector growth can influence currency movements in the region.