South Korea Indicates Strong Measures Amid Rising Won Weakness and Speculative Currency Trading

Finance Minister's Warning: South Korea's finance minister, Koo Yun-cheol, cautioned against speculative trading in the FX market and indicated that authorities will respond firmly to excessive volatility, as the won is reacting more sharply to uncertainty compared to other currencies.

Government Discussions: The government is engaging with local brokerages and the National Pension Service (NPS) regarding FX stability, but no specific measures have been decided, and the NPS will not be directed to intervene in the currency market.

Monitoring Equity Buying: The ministry is keeping an eye on the increase in overseas equity purchases by local residents, although no new action plan has been proposed at this time.

Policy Options Open: Koo reiterated that all policy options remain available should market conditions deteriorate further.