S.Korea vows to smooth excessive won movements

SEOUL, June 15 - South Korea will carry out "smoothing operations" in the local currency market when the won <KRW=> moves in one direction excessively, Finance Minister Yoon Jeung-hyun said on Monday.

He made the remark during a speech at a breakfast meeting with business and financial industry executives, although he did not refer to any specific levels of the currency at which action would be taken.

The remark came before the local currency market started trading.

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