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Seoul to take steps if necessary to stabilize local FX market: finance minister Updated: 2021-10-14 08:33:00 KST

South Korea will take steps to stabilize the local foreign exchange market if it is considered to be volatile.
This is according to Finance Minister Hong Nam-ki while speaking to reporters after attending a meeting with G20 finance ministers and central bank governors in Washington on Wednesday.
Hong noted that recent fluctuations in the local FX market were largely driven by external economic risks.
He said the government is closely monitoring the situation and will implement measures if needed.
The minister also vowed to keep tabs on rising consumer prices, reiterating that the country's inflation is expected to reach 2 percent this year, slightly higher than its 1.8 percent target.
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