, are a welcome relief for the won which has been crushed by Korea's falling exports and a broad U.S. dollar rally.
The flows are a sizeable buffer for Korea's balance of payments and the won, which has fallen for two years and is also down 5% this year. "Capital reshoring has been a relief to the won," said Min Gyeong-won, a currency analyst at local Woori Bank, adding that the flows had helped offset sluggish exports by becoming a source of dollars.
"Our primary goal is to to expand production capacity of electric cars in the country, although not all of it ," a spokesperson at Hyundai Motor Group said.