
The South Korean won sharply weakened against the U.S. dollar, falling 9.5 won to 1,343.8 won per dollar as institutional traders locked in gains following a recent advance.
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The South Korean won weakened as institutional traders locked in gains following a recent advance.
The South Korean won sharply weakened against the U.S. dollar Monday, as institutional traders appeared to have locked in gains after the won's recent advance.
The won was quoted at 1,343.8 won per dollar at 3:30 p.m., down 9.5 won from the close of the previous stock trading session.
It marked the first time since Oct. 15 that the Korean currency hovered around 1,340 won to the greenback.
Traders have also kept a watchful eye on the US midterm elections that are expected to affect Washington's polices on global geopolitical and economic fronts.
Foreign investors sold a net 374 billion won ($278 million) worth of local shares during the latest regular stock trading session, with the benchmark Korea Composite Stock Price Index gaining 2.24 percent to close at 5,859.08.

South Korea's Supreme Court upheld an 18.6 billion-won fine on U.S. chipmaker Broadcom for forcing Samsung Electronics to sign a disadvantageous long-term parts supply agreement.

South Korea's finance minister met with Hyundai Motor Group's chief to discuss electric vehicle industry development and domestic production tax incentives ahead of an industry roundtable.

The Supreme Court confirmed the plaintiff's defeat in a lawsuit in which Broadcom appealed the 18.6 billion won fine it received from the Fair Trade Commission for forcing an unfair long-term contract against Samsung Electronics.

Hanjin Group Chairman Cho Won-tae decided to purchase an additional 325,000 shares of Hanjin KAL common stock worth 37.05 billion won to strengthen responsible management. This is a move that comes amid Hoban Group's recent purchase of additional shares and reporting of a business combination to the Fair Trade Commission, and is attracting attention as a way to defend management rights.

Samsung Electronics will participate as an official wireless communications partner in the 2026 Youth Olympic Games held in Dakar, Senegal for the first time on the African continent, showcasing Galaxy technology and expanding local marketing.

POSCO Holdings announced on the 2nd that it recorded an operating profit of 940 billion won in the third quarter of this year, a 47.9% increase compared to the same period last year, thanks to the recovery of profitability in the steel sector. This figure exceeds market expectations.