The South Korean government has stated that it will provide unlimited liquidity to the market when necessary.

CoinVoice has learned that, according to Jin Ten reports, the South Korean government has stated that it will provide unlimited liquidity to the market when necessary.

Brad Bechtel, global head of forex at Jefferies, stated that the South Korean leadership has previously used this approach during major political turmoil or power transitions, but it remains concerning. He believes that the Korean won will temporarily remain volatile. This will largely depend on how overseas investors react to the South Korean stock market. If they start to sell off in large quantities, the USD/KRW may rise to 1450. [Original link]