Goldman Sachs
Global FX Strategy 2026
LIVE10 January 2026USD bearish
Back to CurrenciesBullish
USD/KRW
Bullish KRW on tech cycle recovery and WGBI inclusion flows. Semiconductor expor
GS Forecast Path
Cross-Firm Forecast Comparison
Key Drivers
Tech cycle recovery
WGBI inclusion flows
Semiconductor exports
NPS hedging
All Firm Targets (Dec '26)
JPMNeutral1440.00
INGModerately Bullish1400.00
BARCModerately Bullish1390.00
MUFGModerately Bullish1385.00
GSBullish1380.00
BofABullish1370.00
MSBullish1360.00
DBBullish1350.00
Analysis Summary
Bullish KRW on tech cycle recovery and WGBI inclusion flows. Semiconductor export boom and foreign portfolio inflows provide structural support. NPS hedging dynamics turning more favorable.