The US Calls for Korean Won Appreciation, Exchange Rate Becomes Negotiation Focus
According to the Korea Economic Daily, during a recent round of US-South Korea bilateral trade talks, the US clearly expressed its position of wanting the Korean won to appreciate. Although the source of the information was not publicly cited, this news has attracted significant attention from financial markets and policy circles. The upcoming US-South Korea finance ministers’ meeting on July 31 will be the final round of negotiations, during which the exchange rate issue is expected to once again become the focal point of discussion.
In recent years, the Korean won has remained relatively low against the US dollar, sparking concerns about trade friction and placing political pressure on South Korea’s export-driven economy. The US Department of the Treasury has repeatedly emphasized the potential impact of “exchange rate imbalances” on bilateral trade, urging its Asian allies to ensure the transparency and stability of currency markets.