South Korea Agrees to Share Monthly FX Intervention Data With US

South Korea agreed to provide the US with monthly data on foreign-exchange interventions and publish the annual currency composition of its reserves, under a new accord aimed at boosting transparency while reaffirming commitments to avoid currency manipulation.

The US Treasury Department and South Korean Finance Ministry said the deal was reached alongside ongoing tariff talks, according to a joint statement Wednesday, emphasizing that any intervention should be limited to curbing excessive volatility or disorderly market moves. The two sides started negotiations in April. The statement did not mention an implementation timeline.