汇率破新低，韩国要打“货币保卫战”？

Core Viewpoint - The South Korean won has been depreciating against the US dollar, reaching its highest monthly average since the 1997 financial crisis, with the exchange rate surpassing 1470 won per dollar in December, despite a general strengthening of other major currencies [1] Group 1: Exchange Rate Trends - The exchange rate of the won against the dollar was reported at 1473.7 won per dollar during the day on December 12, and it fell to 1479.9 won during night trading, closing at 1477.0 won, nearing the year's peak [1] - Since mid-October, the won has entered a clear upward trend, breaking the 1400 won mark, with November's average exchange rate reaching 1460.44 won, the highest since March 1998 [1] Group 2: Factors Behind Depreciation - Approximately 70% of the won's depreciation is attributed to supply and demand factors, particularly the increase in overseas investments by domestic investors, which significantly exceeds foreign investment inflows [2] - The scale of indirect investments by domestic entities, not aimed at acquiring management rights, is nearly three times that of incoming funds, while direct investments, such as establishing factories in the US, also surpass incoming funds by more than three times [2] Group 3: Future Outlook and Government Response - Experts predict that the high exchange rate situation may persist into next year, potentially exceeding this year's average levels, as the current supply-demand imbalance is unlikely to be resolved in the short term [3] - In response to the ongoing volatility in the financial and foreign exchange markets, the South Korean government has initiated an emergency response mechanism, convening high-level meetings to discuss strategies for addressing increasing market uncertainties [3]