Samsung Electronics' 40,000 Electronics...Despite oral intervention, the exchange rate is around 1,400 won.

[Anchor]
Although the KOSPI barely rebounded in five days, Samsung Electronics, the leader of the market, fell below 50,000 won, becoming "40,000 electronics" for the first time in four years and five months.The exchange rate between

and the dollar remained high at around 1,400 won despite the foreign exchange authorities' verbal intervention.

Reporter Ryu Hwan-hong reports.

[Reporter]
Samsung Electronics, which had been attempting to enter the 52,000 won range, rose to 51,800 won during the day, plunged in the second half to close at 49,900 won.

Foreigners sold a net 477.4 billion won, plunging the stock price to "40,000 electronics" for the first time in four years and five months.

SK Hynix also fell more than 5% and sank to '170,000nix'.

However, the KOSPI rebounded in five days, with institutions leading the index to rise with net purchases.

On the other hand, the KOSDAQ index failed to stop falling for the fourth day amid net selling by foreigners and individuals.

The won-dollar exchange rate, which rose to 1,409.3 won as of 11:06 a.m., fell slightly.

Early in the morning, the deputy prime minister, the governor of the Bank of Korea, the chairman of the Financial Services Commission, and the chief economic secretary of the president's office gathered to hold a closed-door meeting and began oral intervention seven months later, but it remained around 1,400 won.

Deputy Prime Minister for Economic Affairs Choi Sang-mok said in a press release shortly after the meeting that he would implement active market stabilization measures in a timely manner if foreign exchange market volatility excessively expands.

The Korea Institute for International Economic Policy held a press conference and predicted that the recent won-dollar exchange rate reflects global trends and that the high exchange rate trend will continue.

[Jung Young-sik / Head of the International Macro Finance Division at the Institute for International Economic Policy: Will the strong dollar continue to move until the first half of next year? Because I think there will be a lot of uncertainty before the policy is fully set. However, in the course of the actual policy, whether it will go much stronger than the level feared now is likely to weaken rather than that.]

Therefore, next year's exchange rate will show a "high and low" trend of going up to the first half of the year and going down in the second half, the Institute for International Economic Policy predicted.

I'm YTN's Ryu Hwan Hong.

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