This photo shows a dealing room at Hana Bank in Seoul, Feb. 3. Yonhap

The Korean currency fell markedly against the U.S. dollar Monday on growing concerns about the impact of the Donald Trump administration's sweeping tariff plan on the Korean economy and businesses.

The Korean won was quoted at 1,467.2 won per dollar, down 14.5 won from the previous session, which marked the lowest level since Jan. 13.

The currency dipped to as low as 1,472.5 won during intraday trading, the lowest level since Jan. 6.

The won's weakness came after Trump announced he will impose 25 percent tariffs on imports from Canada and Mexico and 10 percent on goods from China starting Tuesday.

Trump also pledged to place new tariffs on goods from the European Union.

The local currency has stayed near the 1,450 won level since December, the lowest level since March 2009 in the aftermath of the global financial crisis, due to the continued strengthening of the dollar amid Trump's tariff warnings and a domestic political crisis sparked by President Yoon Suk Yeol's martial law imposition.

The sweeping tariffs and expected retaliatory measures are feared to adversely affect Korean companies that have production bases in those countries.

"Short-term volatility is expected to be heightened, though the tariff factor has well been reflected in the won-dollar exchange rate since late last year," said Kwon Ah-min, an analyst of NH Investment & Securities. (Yonhap)