Key facts
- The U.S. Treasury Department has placed South Korea on its foreign exchange policy monitoring list.
- South Korea was previously excluded from this list in November 2023 but was added back in November 2024.
US keeps South Korea on FX policy monitoring list
IN SHORT
The U.S. Treasury Department has maintained South Korea on its foreign exchange policy monitoring list, citing criteria related to trade surpluses and currency market intervention. This marks the latest inclusion after a brief exclusion.
Key Numbers
$15 billionbilateral trade surplus threshold
3 percentmaterial current account surplus threshold
2 percentGDP threshold for currency intervention
12-monthperiod for currency intervention assessment
8 monthsminimum duration for currency intervention
Who's Involved
Howard Lutnick
U.S. Commerce Secretary urging shipbuilding cooperation
U.S. Treasury Department
Released the foreign exchange policy monitoring list
↳ Why This Matters
South Korea's inclusion on the U.S. monitoring list for foreign exchange policies can signal potential scrutiny over its trade practices and currency management, potentially impacting bilateral economic relations and investor sentiment.