Foreign Exchange Authorities Net Sold $6.885 Billion to Counter Exchange Rate Rise in Q4 Last Year
[Asia Economy Reporter Seo So-jeong] The Bank of Korea announced on the 31st that the foreign exchange authorities net sold $6.885 billion in the foreign exchange market in the fourth quarter of last year to stabilize the market.
Hot Picks Today
!["Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①](https://cwcontent.asiae.co.kr/asiaresize/93/2026051414165763158_1778735817.jpg)
"Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①
- [Breaking] Park Sukeun, Central Labor Relations Commission Chair: "Some Gaps Narrowed Between Samsung Electronics Labor and Management"
- "If That's the Case, Why Not Just Buy Stocks?" ETFs in Name Only, Now 'Semiconductor-Heavy' and a Playground for Short-Term Traders
- "I Take Full Responsibility"... Chung Yongjin Issues Direct Apology for Starbucks 'May 18 Controversy' (Update)
- "No Cure Available, Spread Accelerates... Already 105 Dead, American Infected"
A Bank of Korea official said, "In the fourth quarter of last year, concerns about inflation, the U.S. Federal Reserve's tapering (reduction of asset purchases), and the credit risk of China's Evergrande Group emerged, causing the won-dollar exchange rate to reach its highest level of the year in October," adding, "The authorities intervened to stabilize the market."
This content was produced with the assistance of AI translation services.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
