Moon Ji-sung: The exchange rate of the US dollar to the Korean won is still inconsistent with the fundamentals

According to Jinshi reports, Moon Ji-sung, an official from South Korea's Ministry of Economy and Finance responsible for exchange rate policy, warned on Friday that the current exchange rate of the dollar against the won is still inconsistent with economic fundamentals, and if necessary, his team has ample room to stabilize the market.

He stated that he expects the supply and demand dynamics of the domestic foreign exchange market to change in the second half of 2026 and predicts that exporters' dollar holdings will bring in capital inflows through foreign exchange forward contracts.