S. Korea’s Vice FinMin: We are monitoring the fx market

South Korea's Vice Finance Minister Yong-beom Kim said on Friday, “we are monitoring the fx market.”

Additional comments

“Plan to deploy contingency plans to stabilize the FX market if needed.”

“Will review risks stemming from higher interest rates.”

Market reaction

USD/KRW was last seen trading at 1,334.42, down 0.09% on the day. The South Korean won (KRW) kept its minor recovery mode intact from six-day lows of 1,333.45 despite the above comments.