South Korean shipbuilding company Hanwha Marine sold about $2 billion in the USD/KRW forward market on Friday, according to people familiar with the matter. Hanwha Marine has yet to make an official response. After the media revealed this sell-off operation, the exchange rate of the won rose 0.6% against the US dollar to 1,500 won per dollar. Currently, the market expects that the pace of foreign investment reduction in domestic stocks in South Korea will slow down, and the listing of semiconductor company SK Hynix in the US will bring capital inflows. South Korean policymakers are taking many measures to curb the weakening of the Korean won. This sell-off operation came to fruition in this context. Earlier in the day, South Korea's Deputy Minister of Finance said that it is expected that the supply and demand pattern of the local currency foreign exchange market will change in the second half of 2026, and dollar positions held by exporters will form a return of capital through forward foreign exchange transactions.
Zhitongcaijing·07/10/2026 06:57:04
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South Korean shipbuilding company Hanwha Marine sold about $2 billion in the USD/KRW forward market on Friday, according to people familiar with the matter. Hanwha Marine has yet to make an official response. After the media revealed this sell-off operation, the exchange rate of the won rose 0.6% against the US dollar to 1,500 won per dollar. Currently, the market expects that the pace of foreign investment reduction in domestic stocks in South Korea will slow down, and the listing of semiconductor company SK Hynix in the US will bring capital inflows. South Korean policymakers are taking many measures to curb the weakening of the Korean won. This sell-off operation came to fruition in this context. Earlier in the day, South Korea's Deputy Minister of Finance said that it is expected that the supply and demand pattern of the local currency foreign exchange market will change in the second half of 2026, and dollar positions held by exporters will form a return of capital through forward foreign exchange transactions.