Yonhap news agency Infomax quoted anonymous foreign exchange market sources as reporting that as the Korean won strengthened, the Korea National Pension Service stopped foreign exchange hedging operations and resumed dollar purchases. The National Pension Service began selling forward contracts in US dollars in early June. This is also the first time that the agency has carried out foreign exchange hedging under the new system. The market believes that the US dollar recently fell below 1,350 and fell back to the 1330 range, which is an attractive dollar buying point for public corporations. Infomax quoted a foreign exchange trader at a foreign bank as saying that the current US dollar purchase scale of the National Pension Service is not enough to reverse the overall trend of the market. USD/KRW fell to an intraday low of 1334.70 and is currently trading around 1346.

Yonhap news agency Infomax quoted anonymous foreign exchange market sources as reporting that as the Korean won strengthened, the Korea National Pension Service stopped foreign exchange hedging operations and resumed dollar purchases. The National Pension Service began selling forward contracts in US dollars in early June. This is also the first time that the agency has carried out foreign exchange hedging under the new system. The market believes that the US dollar recently fell below 1,350 and fell back to the 1330 range, which is an attractive dollar buying point for public corporations. Infomax quoted a foreign exchange trader at a foreign bank as saying that the current US dollar purchase scale of the National Pension Service is not enough to reverse the overall trend of the market. USD/KRW fell to an intraday low of 1334.70 and is currently trading around 1346.