Korean central bank official: If herd behavior becomes significant, the Bank of Korea will take action to stabilize the foreign exchange market.

MaticHoleFiller · 2026-04-08T04:00:12+00:00

Director of the International Bureau of the Bank of Korea, Yoon Kyung-soo, stated that the central bank is closely monitoring the foreign exchange market and will take stabilization measures if herd behavior or unilateral trends emerge. Recently, the Korean won has depreciated faster than other currencies, affected by foreign capital sell-offs and the Iran war.

MaticHoleFiller

2026-04-08 04:00:12

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The head of the Bank of Korea’s International Affairs Division, Yoon Kyung-soo, said on Tuesday that the Bank of Korea is closely monitoring the foreign-exchange market, and that if there is a clear herd effect or a one-way trend, it will take measures to stabilize the market.

At a briefing, Yoon said that the won’s depreciation is much faster than that of other currencies.

The official said that selling by foreign investors of stocks and the war in Iran have put pressure on the won.

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