Concerns over a fixed exchange rate of 1,400 won...Foreign exchange authorities' verbal intervention

[Anchor]
The won-dollar exchange rate has not come down from the 1,400 won range due to bad news from Trump.

The foreign exchange authorities have started oral intervention again since April, fearing excessive volatility.

I'll connect you to a reporter for more information.

Reporter Lee Hyung-won, the exchange rate is not falling from the 1,400 won range, right?

[Reporter]
The won-dollar exchange rate started today above 1,400 won.

It was 3 won lower than yesterday, but it started at 1403.6 won.

Yesterday, it exceeded 1,411 won during the day, the highest in two years.

This surge has eased a bit today,

It is currently moving around 1407 won.

However, anxiety remains as it has exceeded the psychological Maginot line of 1,400 won.

[Anchor]
In the end, the foreign exchange authorities started oral intervention, right?

[Reporter]
Yes, a meeting on macroeconomic and financial issues was held today presided over by Deputy Prime Minister Choi Sang-mok.

At this meeting, there were remarks that they would take active measures against currency instability.

Choi expressed concern that uncertainties related to global economic growth, prices and monetary policy are present along with changes in the policy stance of the new U.S. government.

In response, he asked for active market stabilization measures to be implemented quickly if financial and foreign exchange market volatility expands excessively.

It gave a message that if the exchange rate continues to surge, it will intervene in the market.

This oral intervention is the first in seven months since April, when the exchange rate rose below 1,400 won due to political instability in the Middle East.

[Anchor]
Why has the exchange rate instability grown to the point that the government has stepped up?

[Reporter]
This is because the Trump administration, which will be officially launched in January next year, is advocating U.S. priority.

As it has vowed to raise trade barriers, including higher tariffs,

This is because trade disputes and high price concerns have increased due to the implementation of these policies.

If this happens, the U.S. will also have no choice but to adjust the pace of the base rate cut.

The won's price is falling due to this uncertainty.

In addition, the "Trump Trade," which attracts investments in dollars, U.S. stocks, and virtual assets, which are expected to benefit from Trump's presidency, is also a negative factor.

[Anchor]
Our stock market was also on the decline, but it rebounded today, right?

[Reporter]
Yes, for now, it's starting to rise.

The KOSPI opened 0.55% higher at 2,430.26.

It stopped the downward trend for the fourth day and rebounded.

Samsung Electronics, which had been threatened with 50,000 electronics, also rose for the first time in a long time to the 50,000 won range.

However, foreigners are still selling in our market,

The KOSPI is moving around 2430 at this time.

KOSDAQ also opened at 694.16, up 0.65%.

Currently, it is on the rise from the late 690s.

So far, I'm Lee Hyungwon of YTN on the Korea Exchange.