Overview
- The won traded near 1,474 per dollar late last week and is drifting back toward the high‑1,470s after a brief rebound.
- The FSS is meeting major banks to curb foreign‑currency marketing as lenders cut rates on dollar deposits and offer incentives to convert dollars into won.
- The Bank of Korea will temporarily pay interest on foreign‑currency required reserves to support onshore dollar liquidity.
- Regulators plan reviews of insurers following a surge in dollar‑denominated product sales that officials say is fueling speculative dollar demand.
- Authorities extended the National Pension Service’s strategic hedging and are preparing retail forward‑selling products, while analysts warn the measures may be insufficient without stronger coordination.