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To: oldirtybastard who wrote (362739)	3/17/2008 8:36:46 PM
From: ldo79	Read Replies (1) \| Respond to of 436258

South Korea `Concerned' About Won's Drop; Vows to Take Measures By Seyoon Kim March 18 (Bloomberg) -- South Korea's government and the central bank are ``concerned'' about the decline of the won and will act if necessary, Deputy Finance Minister Shin Je Yoon said. ``If we judge the market doesn't stabilize, the foreign currency authorities will take necessary measures,'' Shin said in a statement in Gwacheon. ``The government and the Bank of Korea will form a joint team to monitor the currency market closely.'' South Korea's won declined by the most since August 1998 yesterday after increasing credit-market losses prompted investors to sell the nation's stocks and bonds. The Korean currency extended its loss this year to 9.5 percent, making it the worst performer of the 10 most-traded Asian currencies outside Japan.