[Korea Economy] Can the National Pension Service’s 10% Strategic FX Hedge Really Contain a Weak Won?
[Korea Economy] South Korea’s National Pension Service (NPS) has entered renewed discussions on expanding its strategic foreign-exchange hedging as the won continues to trade at elevated levels against the U.S. dollar. Introduced in 2022, the strategic hedge framework allows the NPS to hedge 5–10% of its overseas assets when the exchange rate deviates significantly from…