South Korea's Finance Ministry said it will crack down on foreign exchange
speculation, with regulators planning on-site inspections and investigations of
trades suspected of distorting markets. Vice Foreign Minister Moon Ji-sung said
authorities will target transactions intended to skew prices and will carry out
inspections this week to check whether participants engaged in speculative
trading. The government called the situation serious, said it is coordinating
with other agencies and is closely monitoring market trends and major order
flows.
