South Korea to conduct inspection of foreign exchange trading among banks

This is amidst growing concern about the extent of the KRW appreciation.

OCBC Treasury Research noted:

Current account surplus fell to USD 3.9bn in September from the USD 4.5bn recorded in August but the financial account deficit jumped significantly to USD 5.2bn after the USD 600mn deficit recorded in August.

A senior finance ministry official confirmed reports that the government will conduct inspection of foreign exchange trading among banks in November, as there is growing concern about the extent of the KRW appreciation in recent time.

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