South Korea deputy finmin says FX stability key for cooperation with US, Yonhap reports

SEOUL, Jan 15 (Reuters) - South Korea's deputy finance minister said on Thursday foreign exchange stability was an important factor for economic cooperation with the U.S. as instability could hinder progress on a $350 billion U.S. investment pledged by the Asian country, the Yonhap News Agency reported.

U.S. Treasury Secretary Scott Bessent said on Wednesday he had discussed the recent depreciation of the won with South Korean Finance Minister Koo Yun-cheol, adding that the currency was not in line with South Korea's economic fundamentals.