South Korean authorities plan to conduct on-site inspections of foreign exchange to curb speculative trading and prevent the Korean won from falling to its lowest point in 17 years.

According to the Wisdom Finance app, the South Korean Ministry of Finance stated that South Korea will strengthen efforts to crack down on speculative foreign exchange trading. Regulatory authorities are planning to conduct on-site inspections and launch investigations into trading activities suspected of market manipulation. Moon Ji-sung, South Korea's Vice Minister of Finance in charge of international affairs, stated in the announcement that authorities will focus on investigating trading activities aimed at distorting the market, and will carry out on-site inspections this week to review whether market participants are engaged in speculative trading. The statement added that the government considers the current situation serious and is coordinating with other institutions to closely monitor market trends and major order flows.