Seoul's pushing back hard against the won's slide. Local officials just made it clear—excessive weakness in the currency isn't something they're willing to accept. The message is direct: expect serious moves from the government soon. Forex traders are watching closely as authorities signal stronger intervention ahead.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
6 Likes
Reward
6
3
Repost
Share
Comment
0/400
screenshot_gains
· 12h ago
South Korea is really anxious now, the trap of intervening in the foreign exchange market has long been played out.
View OriginalReply0
GameFiCritic
· 12h ago
The recent actions from South Korea are quite harsh; to put it simply, they don't want the coin to continue depreciating. My feeling is that the policy toolbox still needs to be used, but the question is, if interventions become too frequent, how will the deficit be covered in the long run? This strong Market Stabilization can stop the bleeding in the short term, but its sustainability is debatable.
View OriginalReply0
OnChainSleuth
· 12h ago
It seems that South Korea's recent Market Stabilization efforts are serious, and it's hard to say whether they can really maintain stability.
Seoul's pushing back hard against the won's slide. Local officials just made it clear—excessive weakness in the currency isn't something they're willing to accept. The message is direct: expect serious moves from the government soon. Forex traders are watching closely as authorities signal stronger intervention ahead.