# Won Advances After BOK Governor Defends Currency Intervention - Bloomberg

> The South Korean won strengthened as much as 0.6% to 1,386.35 per dollar after central bank Governor Rhee Chang-yong defended the bank's currency intervention. Rhee said the US may view the intervention as desirable and that the US Treasury is holding foreign-exchange discussions with several Asian nations, including South Korea.

- Date: 2025-08-28 · published 2025-08-28T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/23550-won-advances-after-bok-governor-defends-currency-intervention-bloomberg
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Currency intervention and US-Asia FX talks affect the won's purchasing power for feed importers and the cost of dollar-denominated feed ingredients bought by South Korean buyers.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2025-08-28/won-gains-after-bok-rhee-s-comments-on-forex-intervention-goals

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