S.Korea FinMin Choo vows pre-emptive action to stabilize markets
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South Korean Finance Minister Choo Kyung-ho said on Monday that the government will take action if needed to stabilize markets in a pre-emptive manner.
He added that they are closely watching the fx market.
USD/KRW was last seen trading at 1,371.55, 0.65% higher on the day. These comments come after the South Korean won (KRW) extends its bearish moemntum to the weakest level since April 2009 against the US dollar at 1,371.96.
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