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https://en.infomaxai.com/news/articleView.html?idxno=109023

Dollar deposits at South Korea’s top five banks surged by over 1 trillion won in a day as investors bet on further dollar strength, despite ongoing government intervention to stabilize the won.

South Korea’s won surged to a near two-month high, closing at 1,429.80 per dollar, as authorities intervened and exporters sold dollars, while foreign investors continued to buy local equities.

South Korean treasury bond futures advanced on December 24, supported by a sharp drop in the dollar-won exchange rate after government intervention, with foreign investors turning net sellers and banks increasing net purchases.