S. Korean FinMin Dong-yeon: Will intervene if forex volatility gets worse

The South Korean Finance Minister Kim Dong-yeon was on the wires earlier today, reiterating their pledge to intervene if the forex markets get too volatile.

Further Comments:

Will respond if forex volatility gets worse.

Will closely monitor FX movements.

The country will prepare measures for a boost to exports in key Sectors in May and June.

S. Korea has low reliance on importing oil from Iran.

Plans to diversity oil import sources.

Will support small firms hurt by sanctions on Iran

Bigwig Fx
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