The KRW is trading at 1591, levels not seen since 1998. However, Im hearing traders are remaining cautious for any signs of intervention.
Worries about the global financial sector has seen riskier assets sold off. Pressure from economic data didnt help either. South Korean exports fell 17.1% in February from a year earlier and Imports fell 30.9%, both worse than expected, sending the KRW to 11 year lows.
Korean shares also on the slide, down 4.7% at the moment.