Won volatility triggers first FX bank inspection in 14 years

South Korea's central bank and financial regulator will launch their first joint inspection of major foreign exchange banks in 14 years, stepping up efforts to identify possible speculative trading behind the won's sharp decline. The move comes as the won-dollar exchange rate has remained above the 1,500 won level for nearly a month, with the Korean currency recently weakening beyond 1,550 won and approaching its lowest level since the 2009 global financial crisis. The Bank of Korea and the Fina

By The Korea Herald