South Korea’s foreign exchange authorities said on Monday they were closely monitoring the possibility of herd-like market behaviour amid increasing volatility in the won due to external and internal factors.
They made the comments in an official verbal warning via reporters, for the first since April 2024.
The won 
USDKRW cut losses after the warning to trade down 0.11% at 1,428.6 per dollar as of 0420 GMT, after hitting earlier in the session its weakest level since May 2 at 1,434.0.