The South Korean won continues to weaken, with high-ranking South Korean officials traveling to the United States to discuss strengthening close cooperation.

According to reports, senior officials from the South Korean and U.S. foreign exchange departments met recently to reach a consensus on closely communicating in response to the weakness of the South Korean won as the exchange rate reached a high of 1 USD to 1500 KRW. According to the South Korean foreign exchange authorities on the 14th, Wen Zhicheng, the Director of the International Finance Division of the South Korean Ministry of Strategy and Finance, departed for Washington, D.C., United States on the 12th and returned to South Korea on the same day. It is reported that during Wen Zhicheng's visit to the United States, he met with senior officials from the U.S. Department of the Treasury to discuss recent trends in the foreign exchange market. Wen Zhicheng emphasized that considering the strong condition of South Korea's semiconductor industry and other economic fundamentals, the recent depreciation of the South Korean won is difficult to provide a reasonable explanation and may be somewhat excessive. At the same time, both sides decided to continue closely communicating and cooperating to cope with the pressure of the depreciation of the South Korean won.