S. Korea's currency market appears to be 'overreacting'
Seoul - Yonhap
South Korea's currency market appears to be "overreacting" in recent days, a senior finance ministry official said Tuesday, hinting at a possible intervention to ease the won's steep decline. "Given the won's recent movements, the market seems to be overreacting," Choi Jong-ku, a deputy finance minister, told Yonhap. "I think that there will be a correction." His remarks come as the nation's local currency has been tumbling in recent trading amid growing jitters over the debt crisis in Greece and other European countries.
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