South Korean authorities have made it clear that they will "firmly defend" their currency, the Korean won, as it continues to rise to a new high since early November.

According to the Securities Times APP, South Korean authorities recently expressed "firm determination" to defend their currency. As a result, the Korean won continued to rise on Friday, reaching its highest level against the US dollar since early November. At the time of writing, the USD/KRW exchange rate fell by 0.27% to 1442.06, dropping to 1429.82 at one point during the day. This exchange rate has fallen by 2.28% in the past week.