South Korean Won Edges Lower

The South Korean won edged lower around 1,465 per dollar, pulling back gains from the previous session, pressured by uncertainty over the upcoming rollout of US reciprocal tariffs.

Markets remained cautious ahead of US President Trump’s reciprocal tariffs, set to take effect on April 2.

While these tariffs are anticipated to be more targeted and limited than previous, the new round of duties signals an escalation in trade tensions.

Domestically, political concerns surrounding the anticipated court ruling on President Yoon Suk Yeol's impeachment weighed on sentiment.

However, the export-driven currency found support after the Trade Ministry and related agencies unveiled a comprehensive package on Wednesday, including emergency tariff measures, business strategy consultations, and a record 366 trillion won trade financing scheme to help firms navigate protectionist policies.