South Korea will analyze the reasons for the depreciation of the South Korean won and will implement measures to stabilize it.

According to a text message sent by the South Korean Ministry of Strategy and Finance, the South Korean authorities will thoroughly analyze the reasons for the depreciation of the South Korean won and, after closely consulting with the National Pension Service and major exporters, will implement measures to stabilize the won exchange rate. Minister of Strategy and Finance Yoo Il-ho, Bank of Korea Governor Lee Ju-yeol, and heads of various financial regulatory agencies held a meeting to evaluate the financial market situation. After the news came out, the South Korean won rose by 0.3% against the US dollar.