South Korea's Central Bank Insights on Dollar Liquidity

SEOUL (Reuters) – A voting board member at South Korea's central bank expressed a lack of concern regarding dollar liquidity conditions in the dollar-won market, according to Yonhap news agency on Tuesday.

> "It isn't appropriate to assess the level but as for forex liquidity conditions, I'm not so worried," said Lee Soo-hyung, speaking to reporters in Washington DC on Oct. 24.

The South Korean won has depreciated nearly 8% against the dollar this year, having once reached the psychological threshold of 1,400 in mid-April.

Lee also expressed surprise at South Korea's weaker-than-expected third-quarter economic growth but suggested that there may be temporary factors influencing the figures.

Overall, South Korea's economy showed minimal growth in the third quarter, with consumer spending recovering but exports declining, increasing the likelihood of additional stimulus measures to bolster growth.