South Korean President Lee Jae Myung projected the won could strengthen to around 1,400 per dollar and stabilize within two months. His comments aim to calm markets after the currency's recent volatility, which has pressured import costs and corporate earnings for the nation's export-driven economy.

The currency's weakness has been a key concern for investors, with the won falling over 7% against the dollar this year. Lee's forecast suggests policymakers see a path to easing pressure on the Bank of Korea, which has raised interest rates to combat inflation while supporting the currency.

Investors will watch for concrete policy actions, including potential foreign exchange market interventions or coordinated measures with the U.S. Federal Reserve. The next two months will test whether the government's confidence translates into actual stability for the won and broader market sentiment.