We examine the influence of FX Risk on the Korean stock mar카드게임 온라인t. We findthat, except the period when the Korean government maintained the fixedexchange rate regime, FX Risk had a significant influence on firm value inthe Korean stock mar카드게임 온라인t. FX Risk exposure turns out to be significantlydifferent among firms. Particularly, we show that large firms tend to be moresensitive to FX Risk and have more incentives to control the risk.