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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)


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