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South Korean Deputy Finance Minister and FX chief Moon Ji Sung says KRW is likely to rise further and BoK rate hike is to stabilise FX, while KRW remains weaker than fundamentals

StockNow breaking-news AI analysis

South Korea's MoF and BoK are coordinating to strengthen the KRW via rate hikes and verbal interventions, as officials view the currency as undervalued despite a 3.0% GDP growth forecast.

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