South Korea Pledges to Take Action If Needed as Won Weakens

South Korea pledged to take action if needed to stabilize markets after the won declined to a six-month low.

Authorities will closely monitor international markets and will take timely action if needed, the finance ministry said in a mobile-phone message Friday after Finance Minister Koo Yun-cheol met with Bank of Korea Governor Rhee Chang Yong and financial regulators. The ministry did not elaborate on the measures.