{"id":45214,"date":"2026-06-08T06:46:10","date_gmt":"2026-06-08T06:46:10","guid":{"rendered":"https:\/\/www.europesays.com\/korea\/45214\/"},"modified":"2026-06-08T06:46:10","modified_gmt":"2026-06-08T06:46:10","slug":"south-korean-authorities-issue-verbal-warning-after-won-dollar-rate-breaks-1550","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/korea\/45214\/","title":{"rendered":"South Korean authorities issue verbal warning after won-dollar rate breaks 1,550"},"content":{"rendered":"<p>\t\t\t\t\t\t\t\t\t\t  <img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"410\" alt=\"\" src=\"https:\/\/www.europesays.com\/korea\/wp-content\/uploads\/2026\/06\/672805_621598_3912.jpg\" data-loaded=\"true\"\/><\/p>\n<p>\t\t\t\t\t\t\t\t\t\tDealing room at Hana Bank&#8217;s head office in Seoul on June 8. [Photo: Yonhap News Agency]<\/p>\n<p>Foreign exchange authorities launched a verbal intervention as the won-dollar exchange rate surged sharply.<\/p>\n<p>The Bank of Korea and the Ministry of Economy and Finance said in a media notice at 11:45 a.m. on June 8, under the joint names of Bank of Korea Director General for International Affairs Kyung-soo Yoon (\uc724\uacbd\uc218) and Ministry of Economy and Finance Director General for International Finance Hyung-ryeol Lee (\uc774\ud615\ub82c), that they would never tolerate excessive volatility and one-way market moves relative to fundamentals and would respond strongly.<\/p>\n<p>The authorities said they judged that in the foreign exchange market recently, beyond supply and demand factors, some speculative foreign exchange transactions such as offshore non-deliverable forwards (NDF) had increased volatility.<\/p>\n<p>The verbal intervention came as the won-dollar exchange rate in daytime trading exceeded 1,550 for the first time since the financial crisis.<\/p>\n<p>In the Seoul foreign exchange market, as of 11:45 a.m., the won-dollar exchange rate was 1,553.1, up 14.0 won from the previous day, and rose as high as 1,555.2 during the session.<\/p>\n<p>After the verbal intervention, the exchange rate pared some gains and fell to the 1,540s.<\/p>\n","protected":false},"excerpt":{"rendered":"Dealing room at Hana Bank&#8217;s head office in Seoul on June 8. [Photo: Yonhap News Agency] Foreign exchange&hellip;\n","protected":false},"author":2,"featured_media":45215,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[457],"tags":[845,337,864,8797,26858,112,850],"class_list":["post-45214","post","type-post","status-publish","format-standard","has-post-thumbnail","category-korea-exchange","tag-bank-of-korea","tag-korea-exchange","tag-krx","tag-ministry-of-economy-and-finance","tag-ndf","tag-seoul","tag-won-dollar-exchange-rate"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/45214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=45214"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/45214\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/45215"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=45214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=45214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=45214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}