Exclusive-Dollar demand estimated at $1.5 billion cleared in South Korea -source

FILE PHOTO: South Korean 10,000 won note is seen on U.S. 100 dollar notes in this picture illustration taken in Seoul, South Korea, December 15, 2015. REUTERS/Kim Hong-Ji/File Photo

10 Jun 2026 01:42PM

(Updated: 10 Jun 2026 01:50PM)

SEOUL, June 10 : The massive demand for foreign exchange conversions tied to SpaceX's IPO, which has weighed heavily on the South Korean won in recent weeks, has been cleared, a source familiar with the matter told Reuters on Wednesday.The estimated $1.5 billion in orders for dollar purchases has reached its final stage, said the source who has information on dollar-won onshore market transactions.The source asked not to be named because of the sensitivity of the matter.

Source: Reuters