Regulatory Easing

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Illustration of South Korean traders and regulators responding to won's record low against USD amid intensified FX monitoring.
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Financial authorities intensify FX monitoring and ease bank rules amid ongoing won decline

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Following the December 15 warnings, South Korea's financial authorities on December 18 intensified monitoring of the volatile FX market and announced eased regulations for banks, as the won hit 1,479.80 per dollar—the lowest since April.

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