Korea may use reserves to support won - report

The Bank of Korea seems willing to use its dollar reserves to bolster the ailing won, after an official told local media that the central bank was unconcerned that its foreign-exchange stockpile could fall below $200 billion.

An unnamed central bank official was quoted by the Hankyoreh, a Korean newspaper, as saying: "The decision to intervene in the market is based mostly on whether it is needed or not...Concerns that the nation's foreign reserves could fall below $200 billion is not a facto

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