# South Korean Won: Inflation and BoK tightening backdrop – MUFG

> MUFG notes that South Korea's October headline CPI eased to 2.8% year-on-year from 2.9%, while core inflation held at 2.8%, above consensus. It expects this to keep the Bank of Korea's tightening bias alive alongside strong growth and a semiconductor export boom.

- Date: 2026-11-04 · published 2026-11-04T21:09:05.985Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/80473-south-korean-won-inflation-and-bok-tightening-backdrop-mufg
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Expected BoK tightening and a growing trade surplus support the won against the dollar, which lowers local-currency costs for imported feed ingredients, though foreign equity outflows remain a counterweight.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- fxstreet.com: https://www.fxstreet.com/news/south-korean-won-inflation-and-bok-tightening-backdrop-mufg-202611041948

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