South Korea plans to crack down on speculative foreign-exchange trading, with regulators set to carry out on-site inspections and investigations into suspected market-disruptive activities, Bloomberg reported Wednesday, citing Moon Jisung, deputy finance minister for international affairs.
The move comes as the country intensifies its efforts to defend its currency after the won slid to its weakest level since 2009 in the week ended June 6, the report said.
The Korean won gained 1.2% to 1,509.50 per dollar on Tuesday, extending its 2% gain on Monday, after the government reaffirmed its commitment to support the currency and investigate speculative trading. Despite the revival, the won remains one of Asia's weakest-performing currencies in 2026, down 5.3%, outperforming only the Indonesian rupiah and Indian rupee, it said.
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