BOK’s Rhee Delays Trip to Warn on Won as Middle East Fears Weigh

Bank of Korea Governor Rhee Chang Yong warned against excessive movements in the currency market after it sank to its weakest level since the global financial crisis overnight amid Middle East-triggered financial-market volatility.

Rhee delayed his departure for an International Monetary Fund event in Bangkok to hold an emergency meeting with central bank and Finance Ministry officials in Seoul to assess recent moves in the Korean won, bond yields and other financial-market indicators.