South Korea to Cut FX Stabilization Fund by Record in 2025
- Fund’s size to decrease by more than 30% next year: official
- Finance Ministry official says amount will be sufficient
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South Korea will cut the size of its foreign exchange stabilization fund by more than 30% next year, a record amount, though the government says that’s still sufficient to defend the won.
The move comes after the South Korean currency fell 3.7% versus the US dollar year-to-date through the end of August, making it the second-worst performer in Asia behind the Taiwanese dollar.