Won Outlook Improves as Intervention Adds to Analysts’ Views

Investors betting on a won rebound drew fresh support from Korean authorities’ latest verbal intervention, reinforcing expectations that stronger growth prospects and potential Federal Reserve easing will stem further losses.

Even before the Nov. 14 move, ING and Woori Bank projected the currency to rebound to about 1,400 and 1,420 per dollar, respectively, by the first quarter of 2026. The won, down 4% this quarter and near levels unseen since 2009, recovered to 1,451 won by day-end after authorities said they are considering measures.