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Why the Korean Won Swings Widely Among Peers.

April 17, 2026
Ji-Woo Kim
By Senior Asian Correspondent Ji-Woo Kim
Why the Korean Won Swings Widely Among Peers.
A 2023 file photo shows an employee sorting 50,000 won banknotes at the counterfeit detection center of Hana Bank in central Seoul. (Newsis)

The Korean won is on the verge of a currency catastrophe, and experts warn that its volatility is about to reach a boiling point. With a shallow foreign exchange market and a high exposure to capital outflows, the fate of the won hangs in the balance.

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