Won Strength Created by Samsung Electronics-SK Hynix Movement, Will the Exchange Rate Fall Further? | Hong Seonae, Kim Junsong, Kim JunsongTV CEO

Summary

The video is an interview with Kim Junsong, CEO of Kim JunsongTV, focused on the rapid Korean won strength and USD/KRW drop from around 1,560 to 1,380. He attributes the move mainly to government pressure on Samsung Electronics, SK hynix and exporters to sell dollars, with customs and tax audit threats. Looking ahead, he sees continued government and export-selling pressure on USD/KRW but also future dollar demand from US investment, corporate needs, retail overseas buying and capital outflows, making the bottom difficult to call.

• USD/KRW fell about 180 won in 50 days to near 1,380, the strongest won level in about ten and a half months.
• The drop is attributed to government and central bank pressure on Samsung Electronics, SK hynix and exporters to sell dollar holdings, plus customs and tax audit warnings.
• Kim expects the government will keep pushing for a stronger won and exporters will keep selling dollar receipts, but US investment and capital outflows are counter-factors.
• Samsung Electronics announced shareholder return and buyback details; Kim views the direction as positive but largely expected.
• Korean retail investors are likely to increase US equity allocations because of Korean market volatility fatigue and low overseas asset holdings.
• US long-term yields are sticky due to inflation, fiscal expansion and AI-related credit demand, while AI-driven equities can still rally despite high rates.
• USD/JPY has a fundamental upward bias from Japan's fiscal-monetary mix, but intervention and US policy preferences cap the upside.