Foreign capital outflows are putting pressure on the exchange rate, with the South Korean won approaching its lowest level since 2009 against the US dollar.

According to the Zhitong Financial APP, the Korean won exchange rate is approaching its lowest point since 2009, putting pressure on the Bank of Korea to protect its national currency. The currency is only about 1% away from breaking through a level of 1487.45 against the US dollar, which would be the lowest point since March 2009. Bank of Korea Governor Lee Ju-yeol said on Wednesday that if there is excessive volatility, authorities are willing to intervene, but he downplayed this weak trend, stating that the market is overly sensitive to global uncertainty factors including Federal Reserve policy and trade tensions.