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The won-dollar exchange rate broke through the 1,380 won level, hitting another high in 13 and a half years.

The Bank of Korea said it would check the market to stabilize the exchange rate.



Correspondent Jo Ki-ho.



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The won-dollar exchange rate soared and broke through the 1,380 won range.



In the Seoul foreign exchange market, the won-to-dollar exchange rate finished trading at 1,384.2 won, up 12.5 won from yesterday (6th).



This is the highest level since the closing price recorded KRW 1,391.5 on March 30, 2009.



Today's exchange rate broke through 1,380 won in less than 10 minutes after the market opened.



After that, it continued to rise, soaring to 1,388.4 won at one point in the afternoon.



The exchange rate, which had risen to 1,390 won, was somewhat slowed down by the news that the foreign exchange authorities started to check the market.



In addition, Deputy Prime Minister Choo Kyung-ho showed signs of calm in his remarks that "we will take stabilization measures if necessary" in relation to the strengthening of the dollar.



The strong dollar march continues in the international foreign exchange market.



The euro rose to 1.01 euros and the yuan rose to 6.97 yuan.



The dollar index, which compares the value of the dollar against six major currencies, is also at its highest level in more than 20 years.



The Bank of Korea held a meeting at 2 pm, chaired by Vice Governor Seung-heon Lee, and checked the domestic and foreign financial and foreign exchange markets.



Vice-Chairman Lee said, "The recent weakness of the won is faster than our economic strength. We will make active efforts to stabilize the market."



The Bank of Korea announced that it will keep an eye on the international financial market even during the Chuseok holiday and hold another meeting immediately after the holiday to intensively check the market situation.