Washington: The United States has maintained its position on South Korea by keeping it on the list of countries under observation for their foreign exchange policies, as revealed in a Treasury Department report released on Thursday. This action reflects the ongoing scrutiny by the U.S. government over the currency practices of its major trading partners.
According to Yonhap News Agency, the Treasury Department’s updated list is part of the semiannual “Report to Congress on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States.” The report aims to ensure fair trade practices and prevent any manipulation that could give countries an unfair competitive advantage in international trade.
The latest monitoring list includes South Korea, China, Japan, Taiwan, Singapore, Vietnam, Germany, Ireland, and Switzerland. Notably, all countries except Ireland and Switzerland were also featured in the report from November 2024. This suggests a consistent approach by the U.S. in observing the foreign exchange activities of these nations, highlighting the importance of transparency and cooperation in international financial practices.