S. Korea stays on U.S. Treasury Department's FX "monitoring list'

The United States has once again placed South Korea on its "monitoring list" for foreign exchange practices.

In its latest, semiannual report released Thursday, the U.S. Treasury Department cited South Korea's large bilateral trade surplus and current account surplus as key reasons, the same criteria that brought the country back onto the list last November.

In response, the Finance Ministry said it will maintain close communication with the Treasury Department to strengthen mutual understanding and trust in currency policy.

The ministry also noted that ongoing consultations between the two governments on foreign exchange matters will continue with careful coordination.