Deputy prime minister monitors exchange rate and discusses currency swap with the US

hani.co.kr (Korean)

The won-dollar exchange rate surpassed 1500 won for the first time in 17 years, prompting the Deputy Prime Minister to monitor the situation with vigilance. The Deputy Prime Minister stated that while the situation is in its early stages, daily monitoring is underway. He also noted that the U.S. perceives South Korea as not lacking in foreign currency reserves. Discussions also touched upon a special investment law involving $20 billion annually to the U.S., with the Deputy Prime Minister emphasizing it's a recoverable investment, not a handout, and could present opportunities for Korean businesses.


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Deputy prime minister monitors exchange rate and discusses currency swap with the US | News Minimalist