The won/dollar exchange rate recorded a nine-month low of 1,419 won, showing strength. This is analyzed as being due to the yen's strength, along with inflows of SK Hynix ADR funds and export boom. Vice Minister of Economy and Finance Moon said that Korea and Japan are maintaining close cooperation between foreign exchange authorities, and predicted that dollar sales by semiconductor and shipbuilding companies will continue in the second half. The IMF report pointed out that the value of the won has been on a weak trend since the end of last year, analyzing the relative weakness of the won against the US dollar and the increase in overseas stock investments by domestic investors as the cause.
