South Korean Won Hits Decade-Long Rally Amid AI Boom, Bond Index Inclusion
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CNBC TV18•29-01-2026, 16:30
South Korean Won Hits Decade-Long Rally Amid AI Boom, Bond Index Inclusion
- •The South Korean won has achieved its longest winning streak in over 13 years, strengthening for a seventh consecutive session.
- •The currency appreciated by 0.8% to 1,425.25 per dollar on Thursday, January 28, becoming Asia's top performer.
- •Investor enthusiasm for artificial intelligence and Samsung Electronics' strong earnings are driving demand for the won and boosting the export sector.
- •South Korea's upcoming inclusion in FTSE Russell's World Government Bond Index, starting in April, is attracting significant interest in Korean debt.
- •Analysts predict further strengthening of the won, potentially reaching 1,385 per dollar by late 2026, driven by strong fundamentals and market reforms.
Why It Matters: The South Korean won is experiencing its longest rally in over a decade, fueled by AI enthusiasm and bond index inclusion.
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