South Korea to continue currency intervention

South Korea's minister of finance and economy on Thursday 19 May denied a news report that the government has decided not to intervene in currency markets.

"Foreign exchange policy will remain untouched, and smoothing operations will occur when the foreign exchange market shows any instability," Han Duck-soo told reporters.

The Financial Times Wednesday quoted South Korea's central bank governor, Park Seung, as saying the Bank of Korea, which has spent billions of dollars in the foreign exchan