Archive · 24 Dec 2025
South Korean Won Rebounds on Pension Fund Support
The South Korean currency, called the won, got stronger against the dollar.
This happened because the country's big pension fund did some special trading to help the won.
The stock market, called KOSPI, went down a little, but some big companies like Samsung and Hyundai did better.
Also, the interest rates on some government loans went down a bit.
Foreign investors bought more shares in South Korea.
The South Korean won rebounded sharply from eight-month lows due to currency hedging operations by the national pension fund.
The won was quoted at 1,449.8 per dollar, up 2.15% from the previous close.
The KOSPI index closed down 0.21% at 4,108.62, erasing early gains.
Foreigners were net buyers of shares worth 520.1 billion won.
The three-year Korean treasury bond yield fell 3.4 basis points to 2.934%, and the 10-year yield fell 3.9 basis points to 3.342%.
- Who
- South Korea's national pension fund and foreign exchange authorities
- What
- The South Korean won rebounded sharply from eight-month lows due to currency hedging operations by the pension fund.
- When
- Wednesday
- Where
- South Korea
- Why
- To stabilize the currency market and support the won.
- Currency Exchange Rate
- 1,449.8 won per dollar
- Daily Jump
- 2.15%
- KOSPI Index
- 4,108.62
- Foreigners' Net Buying
- 520.1 billion won
- 3-Year Bond Yield
- 2.934%
- 10-Year Bond Yield
- 3.342%
