Seoul Warns of “Decisive Action” as Won Weakens; Eyes on Pension Fund’s FX Impact

SEOUL, Nov. 26 (Korea Bizwire) — Finance Minister Koo Yun-cheol said Wednesday that South Korea stands ready to take “decisive action” to curb excessive volatility in the foreign-exchange market, as the won continues to face downward pressure against the U.S. dollar. “The won tends to react more sensitively than other currencies,” Koo told reporters, adding that [...]