(LEAD) S. Korean currency rebounds from 17-yr low on hopes for Middle East de-escalation | Yonhap News Agency

## Summary
OK (ATTN: ADDS latest info in paras 2-5, 9, additional photo) SEOUL, March 24 (Yonhap) -- The South Korean won gained sharply against the U.S. dollar Tuesday, recovering from a 17-year low in the previous session, after U.S. Officials work at a dealing room of Hana Bank in Seoul on March 24, 2026. (Yonhap) The rebound came after Trump announced on Monday (U.S. time) that he had ordered a five-day postponement of the threatened strikes on Iranian energy facilities, citing "constructive" discussions aimed at ending the war in the Middle East. President Donald Trump waves after arriving on Air Force One at Joint Base Andrews in Maryland on March 23, 2026, in this AP photo. (Yonhap) graceoh@yna.co.kr (END) Related Articles (2nd LD) Korean won hits 17-yr low as Iran crisis escalates (4th LD) Trump puts off strikes on Iran power plants, says U.S., Iran want to make deal (LEAD) Seoul stocks open sharply higher on hopes of easing tensions in Mideast Keywords #Korean currency Articles with issue keywords Most Liked Netflix, BTS to turn Seoul into world's 'biggest watch party' Four decades of Damien Hirst on display at MMCA, from shark to cherry blossoms (LEAD) FM Cho sidesteps questions on whether U.S. asked Seoul to send warships to Middle East 'BTS: The Return' captures brotherhood under 'heavy crown': director (3rd LD) About 40,000 fans gather for BTS comeback concert in downtown Seoul Most Saved Netflix, BTS to turn Seoul into world's 'biggest watch party' (LEAD) FM Cho sidesteps questions on whether U.S. asked Seoul to send warships to Middle East Four decades of Damien Hirst on display at MMCA, from shark to cherry blossoms Korean Pavilion at Venice Biennale seeks comfort through art, with Han Kang's sculpture of blackened trees 'BTS: The Return' captures brotherhood under 'heavy crown': director Most Viewed All Categories (LEAD) N. Korean currency rebounds from 17-yr low on hopes for Middle East de-escalation Next (LEAD) S.

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(ATTN: ADDS latest info in paras 2-5, 9, additional photo)
SEOUL, March 24 (Yonhap) -- The South Korean won gained sharply against the U.S. dollar Tuesday, recovering from a 17-year low in the previous session, after U.S. President Donald Trump delayed planned strikes on Iranian energy infrastructure amid talks to end the conflict.
The won was quoted at 1,495.2 per dollar, up 22.1 won from the previous session's 1,517.3 won.
It was the first time in four sessions that the won rose above the psychologically and technically critical 1,500 won threshold.
Monday's level marked the weakest since March 9, 2009, when the won fell to 1,549 during the global financial crisis.
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.
Officials work at a dealing room of Hana Bank in Seoul on March 24, 2026. (Yonhap)
The rebound came after Trump announced on Monday (U.S. time) that he had ordered a five-day postponement of the threatened strikes on Iranian energy facilities, citing "constructive" discussions aimed at ending the war in the Middle East.
Earlier, Trump had warned that the U.S. would "obliterate" Iran's power plants unless Tehran lifted its blockade of the Strait of Hormuz within 48 hours, with the deadline expiring late Monday.
The Strait of Hormuz has been effectively shut since the start of the conflict, disrupting global oil supplies.
The benchmark Korea Composite Stock Price Index (KOSPI) surged 2.74 percent to 5,553.92 on Tuesday, rebounding from a 6.49 percent decline in the previous session.
U.S. President Donald Trump waves after arriving on Air Force One at Joint Base Andrews in Maryland on March 23, 2026, in this AP photo. (Yonhap)
graceoh@yna.co.kr
(END)
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(LEAD) S. Korean currency rebounds from 17-yr low on hopes for Middle East de-escalation

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## Expert Analysis

### Merits
N/A

### Areas for Consideration
- President Donald Trump waves after arriving on Air Force One at Joint Base Andrews in Maryland on March 23, 2026, in this AP photo. (Yonhap) graceoh@yna.co.kr (END) Related Articles (2nd LD) Korean won hits 17-yr low as Iran crisis escalates (4th LD) Trump puts off strikes on Iran power plants, says U.S., Iran want to make deal (LEAD) Seoul stocks open sharply higher on hopes of easing tensions in Mideast Keywords #Korean currency Articles with issue keywords Most Liked Netflix, BTS to turn Seoul into world's 'biggest watch party' Four decades of Damien Hirst on display at MMCA, from shark to cherry blossoms (LEAD) FM Cho sidesteps questions on whether U.S. asked Seoul to send warships to Middle East 'BTS: The Return' captures brotherhood under 'heavy crown': director (3rd LD) About 40,000 fans gather for BTS comeback concert in downtown Seoul Most Saved Netflix, BTS to turn Seoul into world's 'biggest watch party' (LEAD) FM Cho sidesteps questions on whether U.S. asked Seoul to send warships to Middle East Four decades of Damien Hirst on display at MMCA, from shark to cherry blossoms Korean Pavilion at Venice Biennale seeks comfort through art, with Han Kang's sculpture of blackened trees 'BTS: The Return' captures brotherhood under 'heavy crown': director Most Viewed All Categories (LEAD) N.

### Implications
- President Donald Trump waves after arriving on Air Force One at Joint Base Andrews in Maryland on March 23, 2026, in this AP photo. (Yonhap) graceoh@yna.co.kr (END) Related Articles (2nd LD) Korean won hits 17-yr low as Iran crisis escalates (4th LD) Trump puts off strikes on Iran power plants, says U.S., Iran want to make deal (LEAD) Seoul stocks open sharply higher on hopes of easing tensions in Mideast Keywords #Korean currency Articles with issue keywords Most Liked Netflix, BTS to turn Seoul into world's 'biggest watch party' Four decades of Damien Hirst on display at MMCA, from shark to cherry blossoms (LEAD) FM Cho sidesteps questions on whether U.S. asked Seoul to send warships to Middle East 'BTS: The Return' captures brotherhood under 'heavy crown': director (3rd LD) About 40,000 fans gather for BTS comeback concert in downtown Seoul Most Saved Netflix, BTS to turn Seoul into world's 'biggest watch party' (LEAD) FM Cho sidesteps questions on whether U.S. asked Seoul to send warships to Middle East Four decades of Damien Hirst on display at MMCA, from shark to cherry blossoms Korean Pavilion at Venice Biennale seeks comfort through art, with Han Kang's sculpture of blackened trees 'BTS: The Return' captures brotherhood under 'heavy crown': director Most Viewed All Categories (LEAD) N.
- Korea 'most hostile' nation (LEAD) Gov't to strictly enforce five-day vehicle rotation system for public sector (2nd LD) N.
- Korea as 'most hostile' nation (LEAD) Lee stresses self-reliant defense, citing 'very complex' global situation Most Viewed More Most Viewed Photos N.
- Korea's Kim reappointed as president of state affairs prev (LEAD) S.

### Expert Commentary
This article covers korea, seoul, won topics. Areas of concern are also raised. Readability: Flesch-Kincaid grade 0.0. Word count: 622.