Views Article – Sharenet Wealth

Asia, Forex

S.Korea finance min says recent declines in won were fast, will take measures if needed

SEOUL, Oct 14 (Reuters) – South Korea’s finance minister said the government is ready to deploy measures to stabilize currency markets if needed, as recent declines in the won seem fast, the ministry reported on Thursday.

“I would say we are always preparing for measures to stabilize (markets), as to fine-tune movements, and deploy them in action if needed,” said finance minister Hong Nam-ki, speaking to reporters in Washington, D.C., on Wednesday on the sidelines of meeting with G20 ministers, according to the ministry. (Reporting by Cynthia Kim; Editing by Leslie Adler)

© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.