
Gov't to take timely measures against market volatility: finance minister
The output in the crucial chip industry had shed 10 percent on-month in May.
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Summary
SEOUL: South Korea's foreign exchange authorities conducted a rare dollar-selling intervention on Thursday, sending the won to a nine-month high, a market source told Reuters on Friday. Industrial production rose 2.3 percent in June from a month earlier, marking the sharpest growth since a 2.9 percent increase posted in June 2020. By Kang Yoon-seung SEOUL, July 31 (Yonhap) -- South Korea will closely monitor economic conditions and take "timely" measures, the finance minister said Friday, amid recent volatility in the financial markets.
Furthermore, "We will further accelerate efforts to fundamentally stabilize people's livelihoods and strengthen the competitiveness of the business ecosystem." (Yonhap).
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SEOUL: South Korea's foreign exchange authorities conducted a rare dollar-selling intervention on Thursday, sending the won to a nine-month high, a market source told Reuters on Friday
according to New Straits TimesSouth Korea conducts rare dollar-selling intervention, source says.
according to New Straits TimesIndustrial production rose 2.3 percent in June from a month earlier, marking the sharpest growth since a 2.9 percent increase posted in June 2020.
according to Yonhap News +1By Kang Yoon-seung SEOUL, July 31 (Yonhap) -- South Korea will closely monitor economic conditions and take "timely" measures, the finance minister said Friday, amid recent volatility in the financial markets.
according to Yonhap News +1"We will further accelerate efforts to fundamentally stabilize people's livelihoods and strengthen the competitiveness of the business ecosystem." (Yonhap)
according to The Korea Herald
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