South Korea finance minister says watching forex market closely

© Reuters. FILE PHOTO: South Korean 10,000 won note is seen on U.S. 100 dollar notes in this picture illustration taken in Seoul

GOYANG (Reuters) – South Korea’s finance minister said on Wednesday the government is closely watching currency markets as the won and other emerging currencies are weakening against the U.S. dollar.

Speaking to reporters in Goyang, just outside of Seoul, Kim Dong-yeon said the government will act to stabilize the foreign exchange market if needed.

The won is trading at a four-week low of 1,079.3 per dollar as of 0347 GMT.

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