Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Korea, US Agree Cooperation on Won Weakness, Seoul Official Says
Business & Finance

Korea, US Agree Cooperation on Won Weakness, Seoul Official Says

Korea, US Agree Cooperation on Won Weakness, Seoul Official Says
Bloomberg Markets Monday 15 June 2026, 03:27 UTC By Hooyeon Kim 1 min read
Key Points

Korea, US Agree Cooperation on Won Weakness, Seoul Official Says South Korea and the US agreed to maintain close cooperation in addressing the won’s weakness, according to Korea’s top foreign-exchange official. Deputy Finance Minister Moon Jisung told Bloomberg News that he discussed currency-market trends with his US counterparts during a meeting in Washington over the weekend. He stressed that the won’s recent decline looks excessive relative to Korea’s economic fundamentals, adding that...

Korea, US Agree Cooperation on Won Weakness, Seoul Official Says South Korea and the US agreed to maintain close cooperation in addressing the won’s weakness, according to Korea’s top foreign-exchange official. Deputy Finance Minister Moon Jisung told Bloomberg News that he discussed currency-market trends with his US counterparts during a meeting in Washington over the weekend. He stressed that the won’s recent decline looks excessive relative to Korea’s economic fundamentals, adding that the two sides agreed to work together in addressing the soft currency. [Image text:] 000O9 04-Dec-2509.40 SE-8 NS 000000 550o0 BHY 00 50000 KK2369 SOUuu 04-Dec-25 10.04 99000LONNS 5ooov 0000000 8002-0000 L0212 0LDOLONS 04-Dec-2510:26 0000000 8 00 O00C 0000 04-Dec-2509:56
Korea (LOCATION) US (LOCATION) Seoul (LOCATION) South Korea (LOCATION) Moon Jisung (PERSON) Bloomberg News (ORG) Washington (LOCATION)
Originally published by Bloomberg Markets Read original →

Related Stories

Eyre: US Iran Deal Will Not Lead to a new Middle East

Jun 15th, 2026 Eyre: US Iran Deal Will Not Lead to a new Middle East US and Iran have reached an interim agreement to reopen the Strait of Hormuz paving the way for talks on Tehran's nuclear program and an end to a war that has engulfed the Middle East. Alan Eyre, Former Senior US Diplomat and Distinguished Diplomatic Fellow at Middle East Institute spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East and Africa on what this deal will bring to the region.

Bloomberg Markets 22m ago

Demand at baby bank 'has never been higher'

The founder says rising childcare costs mean many of those they help are in work but struggling.

BBC Business 24m ago

What the US-Iran Peace Deal Means for the Strait of Hormuz

Explainer What the US-Iran Peace Deal Means for the Strait of Hormuz No region of the world produces more oil and gas than the countries straddling the Persian Gulf. Most of this energy can only be exported aboard tankers that cross the Strait of Hormuz — a waterway that’s effectively been closed for more than three months since the US and Israel started a war against Iran in late February.

Bloomberg Markets 29m ago

OnlyFans 'agents' control and threaten creators while taking half their earnings, BBC finds

Dozens of women on OnlyFans describe being exploited by managers who promised to help maximise profits.

BBC News 31m ago