South Korea Finance Minister Vows to Curb Market Volatility
Minister Koo Yun-cheol vowed to monitor risks in stock, bond, and FX markets. Officials will act against volatility as the won hit its weakest level since March.
South Korea Finance Minister Koo Yun-cheol pledged to intervene in domestic financial markets to curb excessive volatility across stocks, bonds, and currencies. The announcement followed a meeting of top economic policymakers on June 4 to address shifting market conditions. The ministry issued the statement as the won hit its lowest level since March.
### Curbing Herd-Like Behavior in Forex Koo Yun-cheol emphasized that authorities are monitoring risks to domestic assets and will take immediate action if necessary. The ministry specifically targeted "herd-like behavior" in the foreign exchange market as a trigger for intervention.
