SEOUL :South Korea’s central bank governor said it was difficult for the dollar-won exchange rate to return to levels seen in the past, the Yonhap news agency reported on Tuesday.
It is difficult to say the dollar-won rate has stabilised and the market is in a wait-and-see mood, the report cited the Bank of Korea Governor Rhee Chang-yong as saying in a meeting with lawmakers.
After the report, the Bank of Korea said in a statement that the governor said it was difficult “for the time being” after President Yoon Suk Yeol’s martial law attempt on Dec. 3.
Yoon lifted the surprise martial law declaration just hours after imposing it after parliament rejected his attempt to ban political activity and censor the media.
The won was quoted at 1,427.8 per dollar as of 0520 GMT, compared with its previous close at 1,435.0 and a two-year low of 1,442.0 hit last week amid political turmoil.
