April 25, 2018 / 4:14 AM / a month ago

South Korea finance minister says watching forex market closely

GOYANG (Reuters) - South Korea’s finance minister said on Wednesday the government is closely watching currency markets as the won and other emerging currencies are weakening against the U.S. dollar.

FILE PHOTO: South Korean 10,000 won note is seen on U.S. 100 dollar notes in this picture illustration taken in Seoul, South Korea, December 15, 2015. REUTERS/Kim Hong-Ji/File Photo

Speaking to reporters in Goyang, just outside of Seoul, Kim Dong-yeon said the government will act to stabilize the foreign exchange market if needed.

The won KRW=KFTC is trading at a four-week low of 1,079.3 per dollar as of 0347 GMT.

Reporting by Yuna Park, Christine Kim and Cynthia Kim; Editing by Kim Coghill

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