US, South Korea agree won volatility undesirable

South Korea's Finance Minister Koo Yun-cheol and U.S. Treasury Secretary Scott Bessent have reached an agreement that excessive volatility in the Korean won is not a desirable outcome. Both officials acknowledged the need for continued dialogue and consultation regarding the foreign exchange market. This joint stance highlights a shared concern over currency fluctuations and aims to foster stability within the international financial system. The U.S. Treasury Secretary also expressed appreciation for South Korea's efforts in managing its economic landscape.