(LEAD) Finance minister vows to take 'immediate measures' over excessive FX volatility
South Korea's finance minister has pledged to implement immediate measures to tackle excessive volatility in the foreign exchange market. This commitment comes in response to the recent sharp decline of the Korean won against the US dollar. Officials are closely monitoring the situation to prevent external uncertainties from escalating market anxiety.
- ▪Finance Minister Koo Yun-cheol discussed measures with key financial officials in Seoul.
- ▪The recent volatility in the foreign exchange market has been attributed to the Middle East war and net selling by foreign investors.
- ▪South Korea's economy remains solid, with exports increasing by 53.2 percent year-on-year in May.
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Facebook X More Pinterest Linked in Tumblr Reddit Facebook Messenger Copy URL URL is copied. OK (LEAD) Finance minister vows to take 'immediate measures' over excessive FX volatility Kang Yoon-seung All News 09:52 June 04, 2026 SHARE Facebook X Pinterest Linked in Tumblr Reddit Facebook Messenger Copy URL URL is copied. LIKE SAVE PRINT FONT SIZE ABCDEFG ABCDEFG ABCDEFG ABCDEFG ABCDEFG (ATTN: ADDS details throughout, photo)By Kang Yoon-seung SEOUL, June 4 (Yonhap) -- South Korea's finance minister on Thursday vowed to take "immediate measures" when necessary to address excessive volatility in the foreign exchange market amid the recent sharp decline of the Korean won against the greenback. Finance Minister Koo Yun-cheol discussed such measures with Bank of Korea Gov.
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