Finance minister cites excessive won swings and Samsung labor strike as growing economic risks amid external uncertainty.
South Korea’s finance minister stated the Korean won’s volatility has exceeded levels justified by economic fundamentals. The currency is expected to stabilize only if external conditions improve, though persistent fluctuations pose risks to market confidence.
Recent won movements contrast with relatively stable macroeconomic indicators, including inflation and growth data. The minister also highlighted a prolonged strike at Samsung Electronics as a potential threat to supply chains and economic stability.
No immediate market reaction was specified, but the remarks underscore concerns over currency and labor disruptions in Asia’s fourth-largest economy.