The South Korean Ministry of Finance stated that if there is excessive herding behavior in the Korean won market, decisive action will be taken.

According to a statement from the South Korean Ministry of Economy and Finance, Deputy Finance Minister Chang Huh stated at a meeting that there have been speculative trading activities in the local foreign exchange market that are disconnected from the fundamentals of the South Korean economy. The authorities are closely monitoring the situation and will take decisive action if excessive herd behavior is detected. He added that the government is prioritizing reforms in the foreign exchange and capital markets, as well as improving access for foreign investors. The government will continue to steadily improve the investment environment to make it easier for overseas investors to enter the South Korean capital market. Following his comments, the South Korean won remained on a downward trend, falling by about 0.6% against the US dollar.