BofA expects Korean won to strengthen as government tackles outflows

Bank of America (BofA) expects the Korean won to strengthen as the government takes measures to address capital outflows. Recently, the won has shown volatility, particularly influenced by foreign capital leaving the market. To tackle this situation, the government is considering regulatory and monetary policy adjustments, which could provide technical support for the won. Additionally, BofA notes that as long as the Korean economy continues to grow sustainably, the value of the won is also expected to stabilize. The anticipated rise in the KOSPI index may positively affect the demand and supply dynamics for the won. Investors should monitor the government's actions closely in the coming months regarding the won's trends.