South Korean Prime Minister: The abnormal increase in the exchange rate, the government is taking multiple measures.
On the 6th, South Korean Prime Minister Kim Min-sik expressed concerns about the recent depreciation of the Korean won, stating that although economic indicators have generally improved since the new government took office, the exchange rate remains the most pressing trend indicator. During the questioning in the National Assembly on that day, Park Soo-yeong, a member of the largest opposition party, the People Power Party, raised the issue of the depreciation of the Korean won. Kim Min-sik responded by saying that the burden caused by the exchange rate increase is an unimaginable tremendous pressure. The current rise in the exchange rate may be due to a preference for safe assets or may be related to foreign investors selling off, with these factors interacting. At the same time, liquidity issues are also clearly a significant factor that cannot be ignored.
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