South Korea to Take Market-Stabilizing Measures to Deal with Possible FX Fluctuation

SEJONG, Sept. 29 (Korea Bizwire) – South Korea will take market stabilizing measures if the country’s foreign exchange becomes more exposed to volatility due to an external shock, a senior finance ministry official said Thursday. “Foreign exchange rates will be decided autonomously by the market,” Deputy Finance Minister Hwang Kun-il said at a symposium in Seoul. “But the government will take action if the rates experience [...]