# BOK chief perplexed by won's sharp weakness, calls for FX hedging by pension fund | Yonhap News Agency

> Bank of Korea Governor Rhee said the won depreciated far beyond a reasonable level from November, and that the currency had slid as low as 1,480 per dollar late last month. He called for pension funds to hedge foreign exchange exposure, and the won has since recovered to above 1,430.

- Date: 2026-01-30 · published 2026-01-30T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/21271-bok-chief-perplexed-by-won-s-sharp-weakness-calls-for-fx-hedging-by-pension
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Won weakness raises the dollar cost of imported feed inputs in Korea, and the policy response aims to stabilize that cost. The won's recovery reduces near-term pressure on Korean feed import costs.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- en.yna.co.kr: https://en.yna.co.kr/view/AEN20260130004200320

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.