美元兑韩元汇率逼向1500红线！韩国当局或强力干预保卫本币

Core Viewpoint - Analysts suggest that if the KRW/USD exchange rate approaches the psychologically significant level of 1,500 KRW per USD, the South Korean authorities may intensify efforts to defend the won [1][4] Group 1: Currency Exchange and Government Response - The KRW has depreciated over 4% since the fourth quarter due to foreign capital outflows and increased overseas investments by residents, putting pressure on the South Korean authorities to defend the currency [4] - South Korean government officials express concerns over increasing uncertainty in the foreign exchange market, emphasizing the need to actively utilize all available tools to address the situation [4] - An emergency meeting was held on November 24 by multiple government departments, led by the Ministry of Finance, to discuss specific measures for stabilizing the market and alleviating the depreciation pressure on the won [4] Group 2: National Pension Service (NPS) Actions - The National Pension Service (NPS), South Korea's largest institutional investor with approximately $545 billion in overseas assets, has resumed selling dollars to support the won [1][4] - The NPS has a hedging cap set at about 15% of its global assets and employs various methods, including selling dollar forward contracts, to execute its hedging strategy [5] - Recent reports regarding the NPS's foreign exchange hedging appear to have created a signaling effect in the market, leading to expectations that South Korean authorities will defend the 1,500 KRW level [5]