{"id":1652192,"date":"2022-09-21T19:53:39","date_gmt":"2022-09-21T23:53:39","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1652192"},"modified":"2022-09-21T19:53:49","modified_gmt":"2022-09-21T23:53:49","slug":"s-korea-vows-measures-to-stem-wons-decline-2","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/s-korea-vows-measures-to-stem-wons-decline-2\/","title":{"rendered":"S.Korea vows measures to stem won\u2019s decline"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fs-korea-vows-measures-to-stem-wons-decline-2%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1652192&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>By Choonsik Yoo<\/p>\n<p>SEOUL (Reuters) \u2013     South Korea\u2019s finance minister vowed on Thursday to introduce measures to ease downward pressure on the won currency while local media reported the central bank and the national pension fund could form a currency swap.<\/p>\n<p>\u201cThe authorities will introduce various measures aimed at easing a supply-demand imbalance for foreign currencies from the pension fund and foreign trading companies,\u201d Minister Choo Kyung-ho said at a meeting of senior officials.<\/p>\n<p>He did not elaborate, while local media reported late on Wednesday the central bank and national pension fund were considering forming a currency swap so that the pension fund can meet some of its dollar demand without buying in the market.<\/p>\n<p>The won has lost 15% of its value against the dollar this year, making it one of the worst performers among its peers.<\/p>\n<p>Both the Bank of Korea and the National Pension Service declined to comment on the reports.<\/p>\n<p>Citing a Bank of Korea source, online news provider Yonhap Infomax reported that the arrangement was among the issues to be discussed at a scheduled meeting of the pension service\u2019s governing panel on Friday.<\/p>\n<p>The won has been pressured by the rallying dollar and dollar demand both from importers and the national pension fund.    The falling won has exacerbated already high inflation and increases the cost of covering debt obligations owed to overseas lenders.<\/p>\n<p> (Additional reporting by Yena Park, Jihoon Lee, Cynthia Kim; Editing by Leslie Adler and Sandra Maler)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/s-korea-vows-measures-to\/file-photo-illustration-photo-of-a-south-korean-won-note\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/tagreuters.com2022binary_LYNXMPEI8K13B-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI8K13B-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Choonsik Yoo SEOUL (Reuters) \u2013 South Korea\u2019s finance minister vowed on Thursday to introduce measures to ease downward pressure on the won currency while local media reported the central<\/p>\n","protected":false},"author":66,"featured_media":1889122,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1652192","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_finder_url":"https:\/\/www.oann.com\/s-korea-vows-measures-to\/?utm_source=rss&utm_medium=rss&utm_campaign=s-korea-vows-measures-to","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1652192","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1652192"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1652192\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1889122"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1652192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1652192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1652192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}