Korean Chipmakers’ Cash Payout Plans May Drive Won Rally Further

Unprecedented shareholder-return plans by South Korea’s two chipmaking giants are emerging as a key swing factor for the won, potentially extending its recent rally if the firms tap local currency markets to fund the payouts. Unprecedented shareholder-return plans by South Korea’s two chipmaking giants are emerging as a key swing factor for the won, potentially extending its recent rally if the firms tap local currency markets to fund the payouts.