[Breaking] U.S. Treasury Redesignates South Korea as Currency Monitoring Country

The administration of former U.S. President Donald Trump once again designated South Korea as a currency monitoring country on January 29 (local time).

In its semiannual report to Congress on the "Macroeconomic and Foreign Exchange Policies of Major Trading Partners," the U.S. Department of the Treasury listed ten countries-South Korea, China, Japan, Taiwan, Thailand, Singapore, Vietnam, Germany, Ireland, and Switzerland-as currency monitoring countries, stating that careful attention is needed regarding their currency practices and macroeconomic policies.

South Korea had been removed from the currency monitoring list in November 2023 for the first time in about seven years since April 2016, but was added back to the list in November 2024, prior to the start of the Trump administration.