Overview
- President Lee said authorities forecast the dollar–won rate easing toward about 1,400 within one to two months.
- He acknowledged domestic policy cannot by itself stabilize foreign exchange markets and noted the absence of immediate tools for large-scale support.
- The won reversed earlier losses after his remarks, strengthening about 0.5% to roughly 1,468.8 per dollar as traders unwound long-dollar positions.
- Lee said the currency’s recent moves have broadly tracked the Japanese yen and argued the won has weakened by less than the yen.
- Authorities highlighted ongoing efforts to steady conditions using coordination and measures rolled out since late 2025, and Lee said they will pursue sustainable tools to stabilize exchange rates.