{"id":71164,"date":"2025-10-13T06:04:09","date_gmt":"2025-10-13T06:04:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/71164\/"},"modified":"2025-10-13T06:04:09","modified_gmt":"2025-10-13T06:04:09","slug":"s-korea-issues-verbal-intervention-over-forex-market-volatility","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/71164\/","title":{"rendered":"S. Korea issues verbal intervention over forex market volatility"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2025\/10\/high_wm.jpg\"\/>In this March 30, 2017 photo, the Bank of Korea (BOK) headquarters building stands in Seoul, South Korea. (PHOTO \/ BLOOMBERG)<\/p>\n<p>SEOUL &#8212; South Korea&#8217;s foreign exchange authorities on Monday issued a verbal intervention over excessive volatility in the foreign exchange market.<\/p>\n<p>The Ministry of Economy and Finance and the <a href=\"https:\/\/www.chinadailyasia.com\/hk\/article\/250051#Bank-of-Korea-sees-faster-2021-inflation-after-Nov-surprise-2021-12-02\" rel=\"nofollow noopener\" target=\"_blank\">Bank of Korea<\/a> (BOK) said in a joint statement that the FX authorities are closely monitoring the possibility of herd behavior, with caution, in the process of the local currency&#8217;s expanded volatility, caused by internal and external factors.<\/p>\n<p>It marked the first verbal intervention by the authorities in one and a half years since April last year when the won versus US dollar exchange rate came closer to 1,400 won per dollar amid geopolitical tensions in the Middle East.<\/p>\n<p>ALSO READ: <a href=\"https:\/\/www.chinadailyasia.com\/hk\/article\/597752#S.-Korea-issues-verbal-intervention-over-forex-market-volatility-2024-11-14\" rel=\"nofollow noopener\" target=\"_blank\">S. Korea issues verbal intervention over forex market volatility<\/a><\/p>\n<p>The won versus dollar exchange rate started at 1,430.0 won, up 9.0 won compared to the previous trading day.<\/p>\n<p>The rate soared to 1,434.0 won during market hours, recording the highest in five months since early May.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"In this March 30, 2017 photo, the Bank of Korea (BOK) headquarters building stands in Seoul, South Korea.&hellip;\n","protected":false},"author":2,"featured_media":71165,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[114,50781,50782,50784,85,46,11471,50783],"class_list":["post-71164","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-foreign-exchange","tag-fx-authorities","tag-herd-behavior","tag-il","tag-israel","tag-south-korea","tag-won-versus-us-dollar-exchange-rate"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/71164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=71164"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/71164\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/71165"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=71164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=71164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=71164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}