# As Samsung and Hyundai repatriate more earnings, weak won gets some reprieve

> South Korean companies repatriated a record $33.13 billion of overseas earnings in January to July, 6.3 times the year-earlier amount. The won, down about 5% for the year, received some relief from the inflows.

- Date: 2023-09-21 · published 2023-09-21T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/34363-as-samsung-and-hyundai-repatriate-more-earnings-weak-won-gets-some-reprieve
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Earnings repatriation supports the won by adding dollar supply in Korea, which can ease import cost pressure for feed buyers, though the effect on commodity prices is small.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/samsung-hyundai-repatriate-more-earnings-weak-won-gets-some-reprieve-2023-09-21/

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