[경제]Nam-ki Hong “Monitoring the foreign exchange market… Efforts to stabilize if necessary”

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Deputy Prime Minister and Minister of Strategy and Finance Hong Nam-ki said that the situation in the foreign exchange market is being closely monitored to prevent a sudden market concentration, and if necessary, efforts will be made to stabilize the market.

Deputy Prime Minister Hong said at a meeting of the Emergency Economy Central Countermeasures Headquarters today (28th), saying that the won/dollar exchange rate has risen rapidly since this week.

Deputy Prime Minister Hong added that the upward trend in the exchange rate is due to external factors such as the possibility of the US Federal Reserve tightening the pace of tightening and concerns about an economic slowdown due to China’s lockdown measures.

YTN Namgi Kwon (kwonnk09@ytn.co.kr)

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