SEOUL: South Korea's foreign exchange authorities are suspected of selling U.S. dollars on the onshore market early on Wednesday to limit a decline in the won, two dealers said, after President Yoon Suk Yeol lifted a martial law declaration he imposed overnight.
"Authorities pushed up hard as soon as markets opened, looks like their intervention efforts will be full on today," said one of the two dealers, who both asked not to be named due to the sensitivity of the matter.