Bank of Korea holds key rate steady as FX volatility lingers
The Korean won inched up on Thursday after remarks by US Treasury Secretary Scott Bessent highlighted a gap between the currency's prolonged depreciation and Korea's strong economic fundamentals, while the Bank of Korea kept its key rate unchanged amid lingering foreign-exchange volatility.
The won opened daytime trading at 1,465 per US dollar, strengthening 12.5 won from Wednesday's onshore close. It strengthened as far as 1,462 in overnight trading after sliding for 10 consecutive sessions to its weakest level since Dec. 24, 2025.
The move followed comments by Bessent late Wednesday, when he said the won's recent depreciation "is not in lin
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