The dollar-won exchange rate surged above 1,410 as South Korea's KOSPI index plunged over 2%, driven by foreign outflows and US policy concerns, while the government announced major FX market reforms.
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https://en.infomaxai.com/news/articleView.html?idxno=83653
[Seoul Foreign Exchange Market-Morning]KOSPI Plunges, Dollar-Won Surges Above 1,410 on US Investment Concerns—Up 10.40 Won

The dollar-won exchange rate surged above 1,410 as South Korea's KOSPI index plunged over 2%, driven by foreign outflows and US policy concerns, while the government announced major FX market reforms.

Yonhap Infomax
Bank of Korea Deputy Governor Kwon Min-soo affirms there will be no reversal of FX market reforms, highlighting the won's growing role as a diversification currency and noting that concerns over a weaker won and declining reserves have eased amid ongoing U.S. negotiations and market liberalization.
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https://en.infomaxai.com/news/articleView.html?idxno=69951
[Interview]Bank of Korea Deputy Governor Kwon Min-soo - 'No Turning Back on FX Market Reform'

Bank of Korea Deputy Governor Kwon Min-soo affirms there will be no reversal of FX market reforms, highlighting the won's growing role as a diversification currency and noting that concerns over a weaker won and declining reserves have eased amid ongoing U.S. negotiations and market liberalization.

Yonhap Infomax