South Korea signals strong defense of the won as US investment raises concerns

South Korea signals strong defense of the won as US investment raises concerns

South Korea’s central bank governor, Rhee Chang Yong, insisted that the country’s economy remains strong despite the won’s recent dip. He also argued that he would push back against any US investments that could destabilize the foreign-exchange market. The won, which is trading near multi-year lows, has become a focal point in broader economic ties with Washington, including tariff negotiations and investment commitments. Rhee noted, “While it i…