{
  "id": 3797135,
  "title": "South Korean Won: Undervalued currency backed by BoK hikes – BBH",
  "url": "https://urgent.news/2026/08/27/south-korean-won-undervalued-currency-backed-by-bok-hikes-bbh",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-27T18:58:00.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/south-korean-won-undervalued-currency-backed-by-bok-hikes-bbh-202608271858"
  },
  "original_language": "en",
  "account": "Brown Brothers Harriman's Elias Haddad notes that the USD/KRW currency pair is near a one-year low following the Bank of Korea's (BoK) consecutive 25 basis points rate hike to 3.00%. While analysts were generally expecting a rate increase, the BoK's statement removed the suggestion of further hikes, stating they would decide on timing and pace of rate hikes based on data. The swaps market indicates a rate closer to 3.50% within the next half-year, and around 3.75% over the next year. Despite the rates being high, KRW is considered undervalued, and South Korea boasts a large current account surplus of 9.4% of GDP in Q1. The Bank of Korea's policy path appears to be more hawkish, with scope for additional hikes. This piece utilized AI assistance for initial drafting and later editing by a human editor.",
  "summary": "Brown Brothers Harriman’s (BBH) Elias Haddad highlights USD/KRW near a one‑year low after the Bank of Korea (BoK) delivered a back‑to‑back 25bps hike to 3.00%.",
  "key_points": [
    "USD/KRW pair near one-year low after BoK's 25 basis points rate hike to 3.00%.",
    "BoK statement removes suggestion of further hikes, timing and pace to be based on data.",
    "KRW considered undervalued despite high rates, South Korea has 9.4% of GDP current account surplus."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "South Korean Won: Rate hikes and undervaluation support KRW – BNY",
        "url": "https://urgent.news/2026/08/27/south-korean-won-rate-hikes-and-undervaluation-support-krw-bny",
        "published": "2026-08-27T20:47:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}