South Korean Won Stabilizes
Sigourney FitzpatrickThe South Korean won stabilized around 1,470 per dollar on Tuesday, pausing a sharp two-day slide as sentiment improved after US President Donald Trump signaled openness to tariff talks with other countries, including South Korea.
Trump recently announced a 25% reciprocal tariff on South Korea and a 46% levy on Vietnam, a country where major South Korean corporations have significant manufacturing operations.
In response, South Korea's trade minister, Cheong In-kyo, stated on Tuesday that the government was exploring a range of measures to boost imports from the US, including increasing LNG imports, as he traveled to Washington for talks on US tariffs.
On the political front, South Korea has tentatively set the presidential election for June 3, after President Yoon Suk Yeol was ousted last week due to his brief declaration of martial law.
FinanceWiki以传递用户创作为目的，但不意味着赞同其观点或证实其内容的真实性，请读者在阅读浏览时自行判断，文章由在FinanceWiki上注册的用户发布，并非FinanceWiki发布，如有侵权请及时联系我们处理，我们将尽快回应解决。
