S. Korea FinMin warns that "stern" measures may be taken in the FX market

Dhwani Mehta FXStreet

South Korea's Finance Minister Kim Dong-yeon was reported by Reuters, as saying that the South Korea government may intervene in the fx market if required.

Key Points:

"Stern" measures may be taken if herd behavior is seen.

Have informed the US Treasury secretary Mnuchin that they will exercise FX sovereignty.

To decide on disclosing FX intervention records based on FX market structure.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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