# What falling won means for Korea - The Korea Herald

> The Korean won touched 1,486.7 per dollar intraday on December 27, the first time it hit the 1,480 level since 2009, and later closed near 1,470. Political turmoil over the impeachment of acting President Han Duck-soo and expectations of slower Fed rate cuts drove the decline.

- Date: 2024-12-29 · published 2024-12-29T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/27189-what-falling-won-means-for-korea-the-korea-herald
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A weaker won increases the won cost of imported feed inputs and food for Korea, which can squeeze margins for local feed mills and livestock producers.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- koreaherald.com: https://www.koreaherald.com/article/10032974

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