# BOK chief: South Korea's intervention was stabilizer vs sharp won falls | Kitco News

> Bank of Korea Governor Rhee said at an IMF seminar that last year's won-support currency intervention acted as a stabilizer, slowing a sharp depreciation in September and October that followed aggressive US rate hikes. He said it gave investors room to adjust rather than replacing sound economic management.

- Date: 2023-04-14 · published 2023-04-14T12:00:00.000Z
- Category: policy · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/36652-bok-chief-south-korea-and-apos-s-intervention-was-stabilizer-vs-sharp-won-falls
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Central bank intervention to slow won depreciation limits short-term swings in the cost of dollar-priced feed imports for Korean buyers, though it does not change the underlying trend.

## Read by commodity

- USDKRW: neutral

## Sources

- kitco.com: https://www.kitco.com/news/off-the-wire/2023-04-14/bok-chief-south-koreaaposs-intervention-was-stabilizer-vs-sharp-won

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