South Korean Finance Minister says FX market is showing heightened volatility and FX rate is out of line with fundamentals, adds will swiftly deploy policy measures to stabilise FX market and will prepare measures to encourage investment in local equities

South Korean Finance Minister says FX market is showing heightened volatility and FX rate is out of line with fundamentals, adds will swiftly deploy policy measures to stabilise FX market and will prepare measures to encourage investment in local equities.

The South Korean Finance Minister's comments signal concerns about excessive volatility in the FX market, indicating that the current exchange rates may not align with economic fundamentals. This suggests potential intervention measures which could stabilize the won, while also hinting at policies to bolster investment in local equities, reflecting a dual approach to ensure market confidence. Traders should monitor the impact of these statements on the won and local equity markets, as the combination of policy measures could influence risk appetite and capital flows.