# Strong Dollar Forces a Rethink of Exports-Currency Rule in Korea

> Bloomberg reports that Korea's heavy reliance on raw-material imports is becoming more costly as the won weakens. Growing offshoring also means export dollar proceeds are not fully repatriated.

- Date: 2024-05-06 · published 2024-05-06T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/30498-strong-dollar-forces-a-rethink-of-exports-currency-rule-in-korea
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Persistent won weakness raises the cost of imported raw materials for Korean buyers, a structural factor for feed import budgeting.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-05-06/strong-dollar-forces-a-rethink-of-exports-currency-rule-in-korea

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