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SEOUL (Reuters) – South Korea’s President Yoon Suk-yeol said he was not worried much about the country’s external financial soundness, News1 reported on Friday.
“The trade deficit widened by a great degree in August due to high crude oil and commodity prices, but the current account is expected to post about $30 billion surplus,” Yoon explained.
The comment came as the South Korean won hit the weakest level since April 2009 at 1,357.2 per dollar, having fallen more than 12% so far this year.
(Reporting by Soo-hyang Choi and Jihoon Lee; Editing by Shri Navaratnam and Himani Sarkar)
