(LEAD) Korean won slumps against U.S. dollar amid talks to end Iran war | Yonhap News Agency

## Summary
OK (ATTN: RECASTS headline, lead; UPDATES figures in paras 2-3; ADDS more details in last 2 paras) SEOUL, March 25 (Yonhap) -- The South Korean won lost ground against the U.S. dollar Wednesday, erasing earlier gains amid weakened hopes that Washington and Tehran may soon end their prolonged conflict. The currency had surged to 1,495.2 won per dollar Tuesday, recovering from a 17-year low of 1,517.3 won in the previous session after Trump said that he had ordered a five-day postponement of threatened strikes on Iranian energy facilities and that negotiations were under way to end the conflict. Contrails of Israeli fighter jets are seen behind a minaret amid escalating hostilities between Israel and Hezbollah in Lebanon on March 24, 2026, in this Reuters photo. (Yonhap) graceoh@yna.co.kr (END) Related Articles (LEAD) Trump says Iran has given U.S. 'very significant prize' related to oil, gas (LEAD) S. Korea's new parliament prev (LEAD) Korean won slumps against U.S. dollar amid talks to end Iran war Next (LEAD) Korean won slumps against U.S. dollar amid talks to end Iran war

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(ATTN: RECASTS headline, lead; UPDATES figures in paras 2-3; ADDS more details in last 2 paras)
SEOUL, March 25 (Yonhap) -- The South Korean won lost ground against the U.S. dollar Wednesday, erasing earlier gains amid weakened hopes that Washington and Tehran may soon end their prolonged conflict.
The won was quoted at 1,499.7 per dollar at 3:30 p.m., down 4.5 won from the previous session.
The local currency opened at 1,493 per dollar, up 2.2 won from the previous session as U.S. President Donald Trump continued to signal the possibility of a swift end to the ongoing Middle East conflict.
The currency had surged to 1,495.2 won per dollar Tuesday, recovering from a 17-year low of 1,517.3 won in the previous session after Trump said that he had ordered a five-day postponement of threatened strikes on Iranian energy facilities and that negotiations were under way to end the conflict.
Tehran, however, has denied claims that it has been in contact with the United States, calling them an attempt to manipulate energy prices and stock markets, according to foreign media reports.
Domestic and global foreign exchange and stock markets have experienced heightened volatility as U.S.-Israeli strikes on Iran that began late last month have escalated into a broader regional conflict.
Global oil prices have risen markedly as the Strait of Hormuz has been effectively shut since the start of the conflict, disrupting global oil supplies.
Continued foreign sell-offs of local stocks also fueled demand for the greenback. On the main bourse, offshore investors sold a net 1.29 trillion won (US$863 million) worth of shares.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 88.29 points, or 1.59 percent, to close at 5,642.21.
Contrails of Israeli fighter jets are seen behind a minaret amid escalating hostilities between Israel and Hezbollah in Lebanon on March 24, 2026, in this Reuters photo. (Yonhap)
graceoh@yna.co.kr
(END)
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(LEAD) Korean won slumps against U.S. dollar amid talks to end Iran war

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## Expert Analysis

### Merits
- Contrails of Israeli fighter jets are seen behind a minaret amid escalating hostilities between Israel and Hezbollah in Lebanon on March 24, 2026, in this Reuters photo. (Yonhap) graceoh@yna.co.kr (END) Related Articles (LEAD) Trump says Iran has given U.S. 'very significant prize' related to oil, gas (LEAD) S.
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### Areas for Consideration
- Korean currency rebounds from 17-yr low on hopes for Middle East de-escalation (LEAD) Seoul stocks rebound on hopes of easing tension in Mideast Cheong Wa Dae, PM's office to launch emergency economic teams to oversee response to Mideast crisis Keywords #Korean currency #volatility Articles with issue keywords Most Liked Netflix, BTS to turn Seoul into world's 'biggest watch party' 'BTS: The Return' captures brotherhood under 'heavy crown': director (3rd LD) About 40,000 fans gather for BTS comeback concert in downtown Seoul Korean Pavilion at Venice Biennale seeks comfort through art, with Han Kang's sculpture of blackened trees BTS to stage concert in Seoul's Gwanghwamun to mark long-awaited return Most Saved Netflix, BTS to turn Seoul into world's 'biggest watch party' 'BTS: The Return' captures brotherhood under 'heavy crown': director Korean Pavilion at Venice Biennale seeks comfort through art, with Han Kang's sculpture of blackened trees Downtown Seoul to enter security lockdown for massive crowd at BTS concert BTS to stage concert in Seoul's Gwanghwamun to mark long-awaited return Most Viewed All Categories (4th LD) N.

### Implications
- OK (ATTN: RECASTS headline, lead; UPDATES figures in paras 2-3; ADDS more details in last 2 paras) SEOUL, March 25 (Yonhap) -- The South Korean won lost ground against the U.S. dollar Wednesday, erasing earlier gains amid weakened hopes that Washington and Tehran may soon end their prolonged conflict.
- Contrails of Israeli fighter jets are seen behind a minaret amid escalating hostilities between Israel and Hezbollah in Lebanon on March 24, 2026, in this Reuters photo. (Yonhap) graceoh@yna.co.kr (END) Related Articles (LEAD) Trump says Iran has given U.S. 'very significant prize' related to oil, gas (LEAD) S.
- Korean currency rebounds from 17-yr low on hopes for Middle East de-escalation (LEAD) Seoul stocks rebound on hopes of easing tension in Mideast Cheong Wa Dae, PM's office to launch emergency economic teams to oversee response to Mideast crisis Keywords #Korean currency #volatility Articles with issue keywords Most Liked Netflix, BTS to turn Seoul into world's 'biggest watch party' 'BTS: The Return' captures brotherhood under 'heavy crown': director (3rd LD) About 40,000 fans gather for BTS comeback concert in downtown Seoul Korean Pavilion at Venice Biennale seeks comfort through art, with Han Kang's sculpture of blackened trees BTS to stage concert in Seoul's Gwanghwamun to mark long-awaited return Most Saved Netflix, BTS to turn Seoul into world's 'biggest watch party' 'BTS: The Return' captures brotherhood under 'heavy crown': director Korean Pavilion at Venice Biennale seeks comfort through art, with Han Kang's sculpture of blackened trees Downtown Seoul to enter security lockdown for massive crowd at BTS concert BTS to stage concert in Seoul's Gwanghwamun to mark long-awaited return Most Viewed All Categories (4th LD) N.
- Korea, China, Italy, Belgium: reports (2nd LD) Gov't to strictly enforce five-day vehicle rotation system for public sector (LEAD) Trump says Iran has given U.S. 'very significant prize' related to oil, gas (LEAD) Cheong Wa Dae, PM's office to launch emergency economic teams to oversee response to Mideast crisis Most Viewed More Most Viewed Photos N.

### Expert Commentary
This article covers won, lead, seoul topics. Notable strengths include discussion of won. Areas of concern are also raised. Readability: Flesch-Kincaid grade 0.0. Word count: 664.