- Analytics
- News and Tools
- Market News
- South Korea: Will actively respond to excessive volatility in the forex market
South Korea: Will actively respond to excessive volatility in the forex market
South Korean Foreign Minister Cho Tae-yul said on Wednesday, “they will actively respond to excessive volatility in the forex market.”
Additional comments
US President Biden expressed confidence in Korean democracy and support for the bilateral alliance in a recent phone call.
Will make every effort to bring diplomacy back to normal and rebuild trust.
Mentioned plans regarding the North Korea nuclear issue will be prepared before the new US administration takes office.
Communication with the Trump team has been affected by recent events and will make efforts to keep it smooth.
Yoon's martial law attempt undercut political momentum for communication built with Trump.
There are limitations with Yoon suspended from duty and it will take time to restore momentum.
Trying to restore communication with the Trump side as soon as possible despite limitations.
Cannot confirm whether Trump has invited the South Korea president and will consider this while monitoring the situation.
Trump has raised prospects for the end of the Ukraine war but noted it would take a considerable amount of time until it happens.
Expressed openness to any opportunities for negotiation with North Korea, including on the nuclear issue, and said they will be proactive.
Announced they will devise a roadmap to prepare for Trump’s potential resumption of talks with North Korea.
Expect China's Xi to attend next year’s APEC Summit in South Korea.
Considering reciprocal measures to China’s visa exemption.
Separately, South Korean Finance Minister Choi Sang-mok comforted markets on Wednesday, saying they “will utilize all available resources to manage the economy as stably as possible.”
Market reaction
The South Korean (KRW) seems to be finding fresh demand on the above comments, as USD/KRW lost 0.24% on the day to trade 1,436, as of writing.
© 2000-2026. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
