South Korea Is Pulling Out All The Stops to Try to Prop Up Won
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000In South Korea, calls for action to stem the won’s decline are getting louder by the day.On Thursday, the finance ministry warned of increased volatility and said it would take swift measures if needed, while the government eased FX rulesBloomberg Terminal to boost onshore dollar liquidity. Presidential policy chief Kim Yong-beom is set to hold an emergency meetingBloomberg Terminal with seven conglomerates to discuss FX issues, Korea Economic Daily reported, citing people in the presidential office it didn’t identify.