Wednesday, July 4, 2007

South Korea Is Monitoring Won Near Seven-Month High, Finance Deputy Says

(Bloomberg) -- South Korea is closely monitoring the
foreign exchange market and sees stabilization of currency moves
to be an important task of the government, said Deputy Finance
Minister Kim Sung Jin.

``We'll take measures if we see speculative movements in
the market,'' Kim said in an interview with TBS radio in Seoul.
``It'll be very dangerous to predict won's movement will be one-
sided.''


Read more at Bloomberg Bonds News

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