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South Korean Q2 GDP growth exceeds expectations, signaling potential Bank of Korea rate hike
Yonhap ENLO·KR·about 5 hours ago
The South Korean government has requested that major exporters actively manage their foreign currency holdings to mitigate volatility in the KRW/USD exchange rate. This intervention reflects official concern over currency depreciation, though the effectiveness of such moral suasion remains uncertain given broader macroeconomic pressures.