The won managed to end the day’s onshore trading 0.6 percent higher versus the dollar but suffered a 6.47 -loss for the month of September, marking the worst month since September 2011, as a souring in risk appetite hit South Korean assets.
A statement released by the presidential office after the meeting provided no further comment by Yoon, while Finance Minister Choo Kyung-ho was cited as asking companies to cooperate in keeping stability on the foreign exchange market. The won has lost 17 percent of its value against the U.S. dollar this year while the benchmark KOSPI share index has slumped 28 percent in the same period, with foreigners selling a net 12 trillion won in shares on the main board.
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