The won-dollar exchange rate opened at 1,479 won on the 6th, up 10.9 won from the previous day.
It is seen as the result of growing fears overnight that the conflict could escalate as Iran pushed back against U.S. and Israeli offensives. When geopolitical risk rises like this, risk appetite in markets tends to shrink, and the value of the won, which is not a key currency, tends to fall.
According to foreign media on the 5th local time, Iran carried out its 20th attack targeting U.S. facilities in Israel and Gulf countries. Because of this, missile alerts sounded in Tel Aviv and Jerusalem in Israel. In addition, six people were injured when a drone fell near Al Dhafra Air Base in the United Arab Emirates (UAE), where U.S. troops are stationed.
On the same day, U.S. President Donald Trump, at an event inviting Inter Miami, the 2025 Major League Soccer (MLS) champions, to the White House, said, "(The Islamic Revolutionary Guard Corps (IRGC) and the military and police should) lay down their arms and be guaranteed full immunity and safety." He added, "Otherwise, you will surely face death."
Min Kyung-won, a researcher at Woori Bank, said, "As Iran's offensive resumed and the United States confronted Iran head-on, market sentiment toward investing in risk assets weakened."