Korea using all means to weaken currency

South Korea's finance ministry said on Friday 6 January it would mobilise all possible means to curb the won's recent sharp appreciation against the US dollar.

The statement came after Korea's currency hit an eight-year high against the US dollar.

"We're deeply worried about moves in the foreign exchange market that can't be seen as normal," said Kwon Tae-shin, a vice finance minister, after chairing an emergency meeting with central bank and trade ministry officials and other regulators. "The

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: