Fueled by capital inflows stemming from the artificial intelligence (AI) boom, the Korean won has made a remarkable turnaround, transforming from Asia's worst-performing currency to its best. Strategists predict that the won will continue to appreciate in the foreseeable future. BNP Paribas has observed that as Korean chip companies repatriate overseas funds to bolster production, the won's upward trajectory is expected to persist, albeit at a more gradual pace. Goldman Sachs posits that equity inflows, spurred by the surge in the Korean stock market, will also lend support to the won. Natixis has underscored that Korea's export growth will serve as an additional catalyst for the won's appreciation. Goldman Sachs projects that the Korean won will strengthen to 1,350 against the US dollar over the next 12 months, with the exact extent of this appreciation contingent upon the performance of Korea's Kospi index.