South Korean Won Gains After Reported Warning From South Korean Authorities
By Ronnie Harui
The South Korean won strengthened markedly against the U.S. dollar early Wednesday after a reported warning from South Korean authorities.
The country's Ministry of Economy and Finance said that an excessively weak Korean won is undesirable, amid the local currency's weakness against the greenback, according to the Yonhap News Agency.
The ministry said the foreign-exchange market would soon see the South Korean government's strong commitment to stabilizing the won, the news agency said, citing a press notice.
The authorities' warning came after the won weakened to a near eight-month low against the dollar in early trading. The dollar was recently 1.1% lower at 1,463.35 won after touching 1,482.11 won earlier this morning, according to FactSet data.
The dollar had risen as high as 1,482.32 won last week, the highest level since April, FactSet data show.
Write to Ronnie Harui at ronnie.harui@wsj.com
(END) Dow Jones Newswires
December 23, 2025 20:50 ET (01:50 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Growth Stocks to Buy While They’re Still Undervalued
The 10 Best Companies to Invest in Now
These Overvalued Stocks Have Plenty of Room to Fall
Your Year-End Financial Checklist: 5 Things to Tackle Before 2027
United States