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  • US Keeps S. Korea On Watchlist Of Currency Manipulating Countries
South Korea remains on U.S. monitoring list of countries for currency practices

South Korea remains on U.S. monitoring list of countries for currency practices

The United States has kept South Korea on its currency manipulator watch list.

The U.S. Treasury Department delivered the list in a semiannual report to Congress on Monday, which also included nine other countries, including Japan and Germany for monitoring.

South Korea had hoped to be exempted after the Treasury hinted in May that it could be delisted if it continued to meet only one of the three criteria for a currency manipulator.

But the latest report stated that South Korea's bilateral trade surplus with the U.S. still remained above the threshold of at least 2 percent of gross domestic product.

Meanwhile, China, which had previously been listed as a currency manipulator, was removed in a sign of easing tensions between the two economic powers after nearly two years of trade conflict.■

<Image: Yonhap News>

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