(Dec 24): South Korea’s won strengthened after the authorities said excessive weakness in the currency isn’t desirable and foreign-exchange markets will soon see the government’s “strong determination”. The NPS has already been said to have sold dollars to bolster the won while brokerages have decided to halt new marketing of overseas equities. The won has still weakened almost 8% since the end of June, the worst-performing Asian currency over the period. Korea isn’t alone in seeking to bolster its currency this week. Katayama’s comments came amid renewed speculation that her ministry might intervene directly in the currency market.

Source: The Edge Markets December 24, 2025 03:31 UTC