$28B Korea Intervention: Won Stabilized through Dollar Sales

Korea's foreign exchange authorities sold $28 billion worth of U.S. dollars in 2025 to prevent the local currency from depreciating further, according to the U.S. Treasury Department's currency report.

This intervention ranked Korea third among major economies, after China and India, which sold $105 billion and $43 billion respectively, in what is known as net dollar sales.

The report stated that 80% of Korea's net dollar sales occurred in the fourth quarter, a time when the won weakened to the mid- to upper-1,400-won range against the U.S. dollar due to overseas equity investments by the National Pension Service and retail investors.