South Korea is once again listed by the United States as a currency manipulator for observation.

On the 5th, the US Department of the Treasury submitted its semiannual report on the macroeconomic and foreign exchange policies of major trading partners to Congress, listing South Korea as a currency manipulator. The US Department of the Treasury stated that South Korea's current account surplus accounted for 5.3% of GDP, an increase from the previous year, with the trade surplus with the US increasing from $14 billion in the previous year to $55 billion in 2024. The South Korean government intervened in the foreign exchange market in April and December of 2024 to address excessive exchange rate fluctuations, and net sold $11.2 billion, accounting for 0.6% of GDP, in 2024.