Seoul moves to stem won slide

The Bank of Korea and ministry of finance issued a joint statement on Monday declaring their intention to intervene to prevent further falls in the foreign exchange market.

``We are concerned about the currency market being skewed in one direction, and we will keep a closer watch on the movement of the foreign exchange rate,'' the authorities said.

The won has fallen just over 10% against the dollar in the year to date. It recovered slightly on Monday, closing in Seoul up 7.5 won at 1,042 to th

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