According to Yonhapinfomax, the dollar-won exchange rate rose to 1,339.40 won today, up 1.90 won from the previous close, driven by expectations of prolonged U.S. inflation and higher interest rates. South Korea's Ministry of Customs and Tariffs reported October core CPI rose 0.3% month-on-month, exceeding market expectations of 0.2%, prompting calls from Federal Reserve officials including Christopher Waller for a potential 50 basis point rate hike in December. CME FedWatch data showed a 90.8% probability of a 25 basis point increase in December, reflecting the inflation pressure. The Korean export sector's record-breaking gains, however, limited the won's decline through dollar supply from exporters.

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