South Korean media reported on Sunday that Bank of Korea Governor Shin Hyun-sung told the media in the US that even if the US dollar index rose, the Korean won had shown strong resilience. Referring to the Bank of Korea's recent preventive interest rate hike, Shin Hyun-song said that the exchange rate “is within a certain manageable range” and “we are fully prepared to handle all kinds of shocks.” When asked if South Korea's investment commitment to the US would put pressure on the local currency, Shin Hyun-song said that the size of the agreement is at a manageable level. The central bank governor also said that the Bank of Korea can independently implement monetary policy, and “the US interest rate hike does not mean we have to follow suit.” Shin Hyun-song attended the Jackson Hole Global Central Bank Annual Meeting for the first time as central bank governor.

South Korean media reported on Sunday that Bank of Korea Governor Shin Hyun-sung told the media in the US that even if the US dollar index rose, the Korean won had shown strong resilience. Referring to the Bank of Korea's recent preventive interest rate hike, Shin Hyun-song said that the exchange rate “is within a certain manageable range” and “we are fully prepared to handle all kinds of shocks.” When asked if South Korea's investment commitment to the US would put pressure on the local currency, Shin Hyun-song said that the size of the agreement is at a manageable level. The central bank governor also said that the Bank of Korea can independently implement monetary policy, and “the US interest rate hike does not mean we have to follow suit.” Shin Hyun-song attended the Jackson Hole Global Central Bank Annual Meeting for the first time as central bank governor.