The won has reached a 17-year high against the dollar, breaking the 1,550 won threshold, while the yen has hit a nearly 40-year low. This development has led to sharp volatility in the KOSPI market, with some reports indicating significant foreign selloff and pension funds dumping stocks. The won's value has shown some fluctuation, with its exchange rate against the dollar having fallen below 1,500 won at one point, but also threatening to breach 1,600 won.