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S. Korea forex policy eyes price stability-finmin
TOKYO, Aug 4 (Reuters) - South Korean Finance Minister Kang Man-soo said the nation's foreign exchange policy will take into account price stability, Japan's Nikkei economic daily reported on Monday.
Kang also told the Nikkei in an interview that short-term measures to stabilise prices and mid- to long-term steps to boost economic growth can go together.
The comments suggest that South Korea will continue to cope with any sharp falls in the won KRW=, which would accelerate inflation, through won-buying and dollar-selling intervention, the Nikkei said.
The South Korean government has conducted won-buying intervention in huge amounts since early July after shifting its policy focus from boosting growth to stabilising prices. (Reporting by Leika Kihara; Editing by Michael Watson)
