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Jul 02, 2026
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South Korea’s Currency Chief Talks to Japan, Allies

OBBM Network Editorial Staff
July 2, 2026
South Korea S Currency Chief Talks To Japan Allies

South Korea’s vice finance chief, Huh Chang, said Seoul is closely communicating with Japan and other key allies on foreign exchange issues. The won has become significantly misaligned relative to economic fundamentals, according to Huh.

Huh’s warning comes as the currency languishes near a 17-year low against the dollar. The government is ready to deploy measures to stabilize the dollar-won market should pockets of illiquidity lead to excessive price swings.

Deputy finance minister Moon Ji-sung said Seoul has been maintaining communication channels with Tokyo and Washington regarding forex matters. The government expects forex trading volumes from the offshore non-deliverable forward (NDF) market to move towards the onshore spot market as onshore trading hours are extended.

Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.

OBBM Network Editorial Staff

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Editorial team behind OBBM Network — independent, hyper-local journalism syndicated through HyperLocalLoop and OBBM Network TV.

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