Analysis suggests that the Korean won will further weaken, affected by "risk value shock."

Several global major banks predict that the South Korean won will further decline, influenced by rising energy prices and market risk aversion. Although the exchange rate of the won against the US dollar stabilized during the Asian trading session on the 5th, forex options traders generally believe it will continue to weaken. Strategists at Bank of New York Mellon pointed out that risk value shocks have led to massive sell-offs, and the won is expected to fall to 1,570. Traders anticipate that the probability of the won depreciating to 1,550 by June is about 36%. Wells Fargo warned that if market sentiment continues to deteriorate, the won could drop towards the 1,600 level