[South Korean Won Continues to Weaken, Senior South Korean Officials Visit the U.S. for Close Cooperation Talks] According to a report by Jinse Finance on June 14, citing Yonhap News Agency, as the exchange rate of the South Korean won against the U.S. dollar recently hovered at a high of 1,500 won per dollar, senior foreign exchange officials from South Korea and the U.S. met and reached a consensus on maintaining close communication to address the weakening won. According to South Korea's foreign exchange authorities on the 14th, Moon Ji-seong (phonetic), Director of the International Finance Division at South Korea's Ministry of Economy and Finance, departed for Washington, D.C., on June 12 and returned the same day. It is reported that during his visit to the U.S., Moon Ji-seong met with senior officials from the U.S. Department of the Treasury to discuss recent foreign exchange market trends. Moon Ji-seong emphasized that, considering the strong fundamentals of South Korea's economy, such as the robust semiconductor industry, the recent depreciation of the won is difficult to justify and somewhat excessive. Both sides agreed to continue maintaining close communication and cooperation to address the pressure on the won's depreciation.