Deputy Prime Minister Koo Stresses Middle East Stability Over Verbal Intervention for Won

Deputy Prime Minister Koo said the government will prioritize stability in the Middle East over using verbal intervention to support the won, signaling reluctance to engage in currency talk. That stance leaves the Korean won more exposed to geopolitical-driven flows and could exert modest downside pressure on the currency and local assets if tensions escalate.

Analysis

Deputy Prime Minister Koo said the government will prioritize stability in the Middle East over using verbal intervention to support the won, signaling reluctance to engage in currency talk. That stance leaves the Korean won more exposed to geopolitical-driven flows and could exert modest downside pressure on the currency and local assets if tensions escalate.