# S. Korea to take steps if needed amid increased market volatility - The Korea Herald

> South Korea's First Vice Finance Minister said the government will step up market monitoring and take steps to stabilize financial markets if needed. The move follows volatility driven by fears that the Federal Reserve could raise rates sooner than expected after a 4.2% year-on-year jump in US consumer prices in April. The won traded at 1,130.20 per dollar and the Kospi fell 1.32%.

- Date: 2021-05-13 · published 2021-05-13T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/47317-s-korea-to-take-steps-if-needed-amid-increased-market-volatility-the-korea
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Rate-hike fears and a weaker won raise the cost of dollar-denominated feed imports for Korean buyers, though the direct effect on grain and meal prices is small. Any intervention would mainly affect currency and equity markets.

## Read by commodity

- USDKRW: neutral

## Sources

- koreaherald.com: https://www.koreaherald.com/article/2615151

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