# South Korea Spent Big to Defend Won Amid Turmoil in Late 2024

> Bloomberg reported that Korean authorities sold a net $3.8 billion in the fourth quarter of 2024 to limit won volatility. That was the largest quarterly intervention since the second quarter of 2024. The intervention reflected turmoil in late 2024.

- Date: 2025-03-31 · published 2025-03-31T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/25842-south-korea-spent-big-to-defend-won-amid-turmoil-in-late-2024
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Official intervention can cap currency swings, which partly offsets the import-cost pressure from a weak won. The effect on feed prices is modest and mainly affects currency conversion timing.

## Read by commodity

- USDKRW: neutral

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2025-03-31/south-korea-spent-big-to-defend-won-amid-turmoil-in-late-2024

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