The South Korean won, the second-worst performing currency in Asia this year, looks poised to weaken further as Donald Trump’s tariff threat clouds the export-reliant country’s economic outlook.
The won dropped to 1,410.70 per dollar last week, the lowest since November 2022, amid fears that the US President-elect will levy steep tariffs on Korean goods. Mizuho Securities Co. predicts it may fall another 0.7%, adding to the 7.7% decline this year.