Korean Deputy Finance Minister States Close Communication with Japan and Allies on Exchange Rate Issues

Odaily Planet Daily News: South Korea's Deputy Finance Minister stated on Thursday that the country is maintaining close communication with Japan and other key allies on foreign exchange issues, warning that the won's exchange rate has deviated significantly from economic fundamentals.

"We are always working closely with Japan and other related countries, engaging in active information exchange," he said when asked whether South Korea would coordinate exchange rate stabilization policies with Japan. "Currently, there is a disconnect between the won's exchange rate and economic fundamentals." When asked about any potential intervention measures, he declined to elaborate further but stated that the government is ready to take stabilization measures in cases where excessive exchange rate fluctuations occur due to insufficient market liquidity. (Jin Shi)