Won rallies on SK Hynix’s US listing, corporate funds repatriation

Robust exports, rate hikes give South Korean currency a tailwind against dollar The won's strength contrasts with the weak yen, though authorities in both Japan and South Korea are seen as having intervened in July. (Source photos by Nikkei) TOKYO — The won has strengthened on foreign exchange markets as chipmaker SK Hynix's listing in the U.S. and South Korean efforts to encourage exporters to repatriate funds help tap the brakes on the currency's long-standing structural weakness.

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