South Korea's Ministry of Economy and Finance announced that the Bank of Korea and the Financial Supervisory Service will begin joint written and on-site inspections of major foreign exchange banks on June 10, as a follow-up to the June 7 emergency market situation meeting, to examine whether banks engaged in conduct that could destabilize the foreign exchange market, including attempts to move or fix exchange rates for improper gain or to benefit third parties, and the authorities said violations will face strict action under the relevant laws.
Ministry of Economy & Finance (South Korea)2026-06-10
South Korea's Ministry of Economy and Finance announces joint inspection of major foreign exchange banks over suspected market disruption amid KRW weakness
South Korea’s Ministry of Economy and Finance announced that the Bank of Korea and the Financial Supervisory Service will conduct joint written and on-site inspections of major foreign exchange banks to assess conduct that may destabilize the foreign exchange market. The review will focus on attempts to move or fix exchange rates for improper gain or to benefit third parties, with authorities stating that any violations will face strict action under applicable laws.