South Korea Announces Measures to Counter Won's Depreciation
South Korea's finance minister announced interventions to address the won's depreciation, which hit its weakest since December 24 at 1,479.2 per dollar. The government blames overseas securities investments for the currency's decline despite record current account surpluses.
Insights:
South Korea's Finance Minister, Koo Yun-Cheol koo yun cheol, announced on January 14, 2026, that the government plans to implement measures to address the recent volatility in the foreign exchange market. This announcement follows the South Korean won's depreciation to its weakest level since December 24, reaching 1,479.2 per dollar after 11 consecutive sessions of losses. Despite the country's record-high current account surpluses, typically a supportive factor for currency strength, the won has continued to weaken.
