South Korea's National Pension Fund Halts FX Hedging Amid Won Strength

Deep News

Sep 07

South Korea's National Pension Service (NPS) has halted its foreign exchange hedging operations and resumed dollar purchases as the won strengthens, according to anonymous forex market sources cited by Yonhap Infomax.

The pension fund had initiated the sale of dollar forward contracts in early June, marking its first foreign exchange hedging activity under the new framework. However, with the dollar-won exchange rate recently breaking below the 1,350 level and retreating to the 1,330 range, the institution now views this as an attractive entry point for dollar buying.

Infomax quoted a foreign bank forex trader as saying that the pension fund's dollar buying volume is currently insufficient to shift the overall market direction. The dollar-won pair touched an intraday low of 1,334.70 and is currently trading near the 1,346 level.

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However, with the dollar-won exchange rate recently breaking below the 1,350 level and retreating to the 1,330 range, the institution now views this as an attractive entry point for dollar buying.<br><br>Infomax quoted a foreign bank forex trader as saying that the pension fund's dollar buying volume is currently insufficient to shift the overall market direction. The dollar-won pair touched an intraday low of 1,334.70 and is currently trading near the 1,346 level.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>South Korea's National Pension Fund Halts FX Hedging Amid Won Strength</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSouth Korea's National Pension Fund Halts FX Hedging Amid Won Strength\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2026-09-07 12:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>South Korea's National Pension Service (NPS) has halted its foreign exchange hedging operations and resumed dollar purchases as the won strengthens, according to anonymous forex market sources cited by Yonhap Infomax.<br><br>The pension fund had initiated the sale of dollar forward contracts in early June, marking its first foreign exchange hedging activity under the new framework. However, with the dollar-won exchange rate recently breaking below the 1,350 level and retreating to the 1,330 range, the institution now views this as an attractive entry point for dollar buying.<br><br>Infomax quoted a foreign bank forex trader as saying that the pension fund's dollar buying volume is currently insufficient to shift the overall market direction. The dollar-won pair touched an intraday low of 1,334.70 and is currently trading near the 1,346 level.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"REFA","symbol_name":"Columbia Research Enhanced International Equity ETF","start_time":0,"source_url":"","article_id":"1159358495","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1159358495","pubTimestamp":1788755432,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"South Korea's National Pension Service (NPS) has halted its foreign exchange hedging operations and resumed dollar purchases as the won strengthens, according to anonymous forex market sources cited...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"REFA":"Columbia Research Enhanced International Equity ETF","EWY":"韩国ETF-iShares MSCI","HEFA":"iShares Currency Hedged MSCI EAFE ETF","BK4588":"碎股","BK4535":"淡马锡持仓","CGIB":"Capital Group International Bond ETF (USD-Hedged)","DBEF":"Xtrackers MSCI EAFE Hedged Equity ETF","KORU":"3倍做多韩国ETF-Direxion","YJUN":"FT Vest International Equity Moderate Buffer ETF - June","BK4581":"高盛持仓","MKOR":"Matthews Korea Active ETF","BK4585":"ETF&股票定投概念","FLKR":"Franklin FTSE South Korea ETF"},"translate_title":"韩元走强，韩国国家养老基金停止外汇对冲","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KUmain":1,"EWY":1,"FLKR":1,"REFA":1,"KORU":1,"YJUN":1,"CGIB":1,"HEFA":1,"DBEF":1,"MKOR":1},"content_text":"South Korea's National Pension Service (NPS) has halted its foreign exchange hedging operations and resumed dollar purchases as the won strengthens, according to anonymous forex market sources cited by Yonhap Infomax.The pension fund had initiated the sale of dollar forward contracts in early June, marking its first foreign exchange hedging activity under the new framework. 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