The Bank of Korea (BoK) has announced plans to implement measures to stabilize the foreign exchange market as needed. This announcement comes amid growing concerns related to the USD/KRW exchange rate, which is currently attempting to defend the 1,400 threshold.

The instability in the foreign exchange market arises from various factors, including geopolitical developments and market sentiment regarding South Korea’s economic performance. Investors should closely watch BoK’s actions, as interventions to support the currency could project confidence in the overall economic situation.

As traders anticipate potential volatility, the USD/KRW’s performance will require close monitoring, especially concerning developments in both domestic policy and international markets.