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South Korea's Vice Minister Says Won Exchange Rates Diverge From Fundamentals on July 10

2026-07-10 04:30:39

According to South Korea's Vice Minister of Economy and Finance Moon Ji-sung on July 10, current won exchange rates remain disconnected from fundamental values, though the gap is expected to narrow as economic supply data shifts in the second half of 2026. Moon told Yonhapinfomax that market disruption activities have declined significantly and that regulators are finalizing joint inspections with the Bank of Korea and Financial Supervisory Service. He added that authorities are considering measures to address false quote submissions and noted that South Korea, U.S., and Japan foreign exchange officials have planned multiple coordination discussions ahead.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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Bank of Korea Governor Says Won Liquidity Adequate, Currency Swap Mainly Symbolic on July 9

Korean Won Likely to Strengthen Against Dollar, BOK Governor Says

In-Depth Analysis

Seoul Forex Dealers Predict USD-KRW to Test 1,500 Won Support on the 10th

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Lucas Bennett07-09 04:45

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