# Won thrashed by ongoing geopolitical risks - The Korea Times

> The Korean won remained below 1,300 per dollar in January, trading around 1,339 on the day reported, as safe-haven demand grew. Analysts cited North Korean threats, US-China tension over Taiwan, and Houthi attacks in the Red Sea.

- Date: 2024-01-22 · published 2024-01-22T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/32351-won-thrashed-by-ongoing-geopolitical-risks-the-korea-times
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A weaker won raises the local-currency cost of dollar-denominated feed and grain imports into Korea, supporting domestic feed prices.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- koreatimes.co.kr: https://www.koreatimes.co.kr/business/banking-finance/20240122/won-thrashed-by-ongoing-geopolitical-risks

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