South Korea Vows Action Against Excessive Market Moves as Won Weakens

Seoul, 4 June 2026 – South Korea has pledged to act against excessive financial-market volatility as the won weakened sharply against the US dollar, adding to concerns over currency pressure across Asian markets.

Finance Minister Koo Yun-cheol said authorities would closely monitor financial-market instability and respond promptly where necessary, particularly against excessive volatility and herd-like behaviour in the foreign exchange market. His comments followed a meeting of senior economic policymakers as the won came under renewed pressure.