# S. Korea sends protest letter to FT over currency manipulator report - 매일경제 영문뉴스 펄스(Pulse)

> South Korea's Ministry of Strategy and Finance and the Bank of Korea sent a joint protest letter to the Financial Times over its report naming South Korea a likely currency manipulator. The FT said Korea, Taiwan and Singapore were the obvious culprits. Korea remains on the US Treasury watch list and could face designation in the April currency report.

- Date: 2017-02-16 · published 2017-02-16T12:00:00.000Z
- Category: policy · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/72750-s-korea-sends-protest-letter-to-ft-over-currency-manipulator-report-pulse
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A manipulator designation could lead to US punitive actions and could prompt Seoul to limit currency intervention, adding volatility to the won. This matters for dollar-priced feed import costs.

## Read by commodity

- USDKRW: neutral

## Sources

- pulse.mk.co.kr: https://pulse.mk.co.kr/news/english/7715521

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