Overview
- Shin Hyun-song, in written answers to lawmakers on Monday, said authorities will act if the won’s drop turns excessive.
- The won briefly weakened 1.1% to 1,499.7 per dollar after U.S.–Iran talks over the weekend failed to reach a deal.
- He said the exact exchange-rate level is not the concern because domestic liquidity looks stable.
- He flagged that price pressure from the Middle East conflict will guide policy after the central bank held rates last week and cut its growth outlook.
- He noted that strong semiconductor exports and an extra budget help support growth, though a weaker won can raise fuel and import costs for households and firms.