South Korea asks companies to cooperate on foreign-exchange stability

SEOUL, March 26 (Reuters) - South Korea's vice finance minister Huh Chang asked local exporting companies to "actively cooperate" to help stabilise the foreign exchange market, the finance ministry said in a statement on Thursday.

Huh met with officials from major exporters, including Samsung Electronics 005930.KS, SK Hynix 000660.KS and Hyundai Motor 005380.KS, as concerns mount over volatility of the Korean won over the Iran war, the ministry said.

The Korean won hovered around 17-year lows on Thursday while the 10-year government bond yield stayed near the highest since mid-2024.