The Korean finance minister stated that they have no intentions to use the National Pension Service to defend the Korean won exchange rate.

South Korean Finance Minister Hong Nam-ki stated that he has no intention of using the National Pension Service to defend the Korean won exchange rate, and he stated that the recent discussions on foreign exchange hedging are aimed at preparing for potential exchange rate appreciation and supporting long-term, more stable investment portfolio management. Hong Nam-ki made these comments on the YouTube channel 3PRO TV, which has nearly 3 million viewers, seemingly aiming to reach a wider audience of retail investors. He pointed out that strong investment outflows and relatively weak views on the attractiveness of the Korean stock market have collectively led to recent exchange rate pressure. However, he also clarified that the government has no intention of blaming or seeking higher returns from retail investors seeking overseas investments.