# BOK's Shin Vows No Tolerance for FX Herding, Sees Won Strength on Mideast Calm - Seoul Economic Daily

> Bank of Korea Governor Hyun Song Shin said the central bank will respond decisively to herding in the foreign exchange market. He said the won should strengthen if the Korea-US interest rate gap narrows, and that won-based import prices rose 20.2% year on year in April.

- Date: 2026-05-28 · published 2026-05-28T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/19514-bok-s-shin-vows-no-tolerance-for-fx-herding-sees-won-strength-on-mideast-calm
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Possible intervention or rate hikes could firm the won, which would lower the local cost of imported feed grains and meal over time.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- en.sedaily.com: https://en.sedaily.com/finance/2026/05/28/boks-shin-vows-no-tolerance-for-fx-herding-sees-won

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.