South Korea Vows Decisive Measures Against Herd Behavior in Won Trading

Deep News04-02

South Korea's Ministry of Economy and Finance stated that Deputy Finance Minister Chang Huh addressed concerns over speculative trading activities in the local foreign exchange market that have diverged from the country's economic fundamentals during a meeting. Authorities are closely monitoring the situation and will take decisive action if excessive herd behavior is detected. He further noted that the government is prioritizing foreign exchange and capital market reforms, alongside improving foreign investor access, as key policy initiatives. The administration will continue to steadily enhance the investment environment to facilitate easier entry for overseas investors into South Korea's capital markets. Following these remarks, the Korean won maintained its decline, falling approximately 0.6% against the U.S. dollar.

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