The South Korean won slipped toward 1,470 per dollar, hovering near seven-month lows as market sentiment remained pressured by ongoing capital outflows despite strong economic growth data. Bank of Korea data showed the economy grew at its fastest pace in nearly four years in Q3, with real GDP rising 1.3% quarter-on-quarter and 1.8% year-on-year. Nevertheless, the currency has fallen more than 4% against the dollar this quarter, with the central bank citing rising overseas investments by domestic residents and foreign selling of Korean stocks as key factors. Lee Chan-jin, governor of the Financial Supervisory Service, said authorities would review whether financial firms are adequately explaining foreign exchange hedging risks for overseas investments. While government measures to strengthen consumer protection helped ease some investor caution, the absence of active steps to support the currency has left the won exposed.
