Finance MInister denies gov’t intervention in exchange rates
Jul 4, 2016
[THE INVESTOR] Finance Minister Yoo Il-ho on July 4 denied that the government is directly intervening in the forex market to control exchange rates. “(The government) has done nothing to become directly involved in the market to (bring about) low or high exchange rates,” Yoo, who also doubles up as deputy prime minister for economic affairs, said in response to a query by Rep. Yoo Sung-yop of the minor opposition People’s Party.Finance Minister Yoo IL-hoThe opposition lawmaker had stated that t