Exchange Rate Rises to KRW 1,407.2... "Impact of Trump's Tariff Mention"

The won-dollar exchange rate rose to 1,407.2 won during the session due to U.S. President-elect Donald Trump's mention of tariffs.

The won-dollar exchange rate rose to 1,407.2 won as of 9:09 a.m. in the Seoul foreign exchange market.

Currently, it has fallen slightly and is fluctuating in the mid 1,400 won range.

Trump's remarks on social media that he would impose 25% tariffs on Mexico and Canada on his first day in office have led to a strong dollar phenomenon in the foreign exchange market.