Citigroup economist Jin-Wook Kim said that, supported by continued growth in chip exports and a steady commodity trade surplus, South Korea's current account surplus is showing a structural expansion trend, which may drive the won to appreciate further in the long run; the exchange rate of the US dollar against the Korean won will drop to 1,300 in the next three months, and further to 1,270 in the next 6 to 12 months.

Citigroup economist Jin-Wook Kim said that, supported by continued growth in chip exports and a steady commodity trade surplus, South Korea's current account surplus is showing a structural expansion trend, which may drive the won to appreciate further in the long run; the exchange rate of the US dollar against the Korean won will drop to 1,300 in the next three months, and further to 1,270 in the next 6 to 12 months.