# Weak won hits Korean companies already facing headwinds

> Korea JoongAng Daily reports that the won closed at 1,323.9 per dollar on May 9 and has stayed above 1,300 since March 31. Airlines and energy firms face pressure from dollar payments, while exporters have not benefited from the weak won due to weak sales.

- Date: 2023-05-09 · published 2023-05-09T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/36201-weak-won-hits-korean-companies-already-facing-headwinds
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Higher dollar costs for Korean importers of energy and feed raise input costs in the region. The article describes an existing trend rather than a new shock to grain or meal prices.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- koreajoongangdaily.com: https://www.koreajoongangdaily.com/business/weak-won-hits-korean-companies-already-facing-headwinds/11311166

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