The value of the Korean won has declined approximately 5% over the past month and about 15% over the past year. This decline has occurred amid signals of a slowdown in U.S. rate cuts and escalating domestic political uncertainty. Following the martial law incident, prolonged impeachment proceedings have pushed the won-dollar exchange rate to the 1,480 range, with experts suggesting the possibility of breaching 1,600 won in the future. Due to the high exchange rate, oil prices have also shown 11 consecutive weeks of increases. Experts emphasize that resolving political uncertainty is essential to reducing exchange rate volatility.
