South Korean regulators will inspect speculative Korean won transactions and require banks to strengthen risk management

Odaily Planet Daily News: South Korea's Financial Supervisory Service stated that tensions in the Middle East and market expectations of a Fed rate hike are driving the volatility of the Korean won exchange rate. The Financial Supervisory Service has requested banks to strengthen risk management measures to address market turmoil.

Additionally, the Financial Supervisory Service, along with the Bank of Korea, will conduct inspections on speculative won transactions. The Financial Supervisory Service emphasized that excessive volatility and unilateral positions in the foreign exchange market are undesirable, and noted that South Korea's economic fundamentals and external credibility remain stable. (Jinshi)