S. Korea\'s currency market appears to be \'overreacting\'
Seoul - Yonhap
South Korea\'s currency market appears to be \"overreacting\" in recent days, a senior finance ministry official said Tuesday, hinting at a possible intervention to ease the won\'s steep decline. \"Given the won\'s recent movements, the market seems to be overreacting,\" Choi Jong-ku, a deputy finance minister, told Yonhap. \"I think that there will be a correction.\" His remarks come as the nation\'s local currency has been tumbling in recent trading amid growing jitters over the debt crisis in Greece and other European countries.
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