Group 1 - The core viewpoint of the articles highlights a significant increase in trading volume for USD/KRW options, particularly bearish positions, driven by hedge funds seeking to capitalize on potential Korean won appreciation following the recent surge of the New Taiwan Dollar [1][4][6] - The nominal trading amount for USD/KRW put options exceeded $60 million last week, with a ratio of 3:2 compared to call options, indicating a strong preference for bearish bets on the USD/KRW exchange rate [1] - The risk reversal indicator shows that the premium required to hedge against a decline in USD/KRW has approached a 21-year high, reflecting heightened market concerns about the dollar's strength [1][7] Group 2 - The New Taiwan Dollar's unexpected 7% rise this month has reshaped market expectations for Asian currencies, leading investors to believe that the Korean won may replicate this upward movement [4] - The ongoing tariff negotiations between the U.S. and its trading partners have fueled speculation that the Trump administration may favor a weaker dollar, positioning the Korean won as a key tool for hedging against a strong dollar decline [6] - Following the significant fluctuations in the New Taiwan Dollar, there has been a notable increase in bearish interest for USD/KRW options, further stimulated by recent forex-related commentary [7]