Bank of Korea: If the Korean won depreciates too quickly, we will intervene in the market if necessary.

Sina Finance news on March 31st, the international director of the Bank of Korea, Yoon Kyung Soo, stated on March 31st that the depreciation speed of the Korean won against the US dollar has been too rapid recently. If the one-sided trend in the forex market becomes more prominent, the central bank will take corresponding measures. Yoon Kyung Soo analyzed that the main reason for the depreciation of the exchange rate is that foreign investments have been flowing out of the stock market on a large scale recently. Over the past year, the proportion of foreign investment in the total market value of domestic stock market has been quite high, and overseas investment banks are adjusting their fund allocations, leading to the outflow of foreign investments. Due to the rapid outflow, this is putting pressure on the exchange rate to decline.