Korea courts retail investors with tax breaks to steady won

The Korean won fell to a one-month low on Wednesday after authorities issued a rare director-general-level verbal intervention warning against excessive currency weakness, before paring some of its losses later in the session. In a joint statement released at 9 a.m., just as onshore trading opened, senior officials at the Finance Ministry and the Bank of Korea said the won’s excessive weakness was undesirable, signaling a tougher stance against persistent foreign-exchange volatility. “The market