Seoul: South Korea's Finance Minister Choi Sang-mok on Thursday issued a verbal intervention over excessive volatility in the foreign exchange market. Choi emphasized the ongoing uncertainty regarding potential policy changes under the new U.S. administration, as well as the monetary policies of major economies, and the global economy's growth and inflation.According to Namibia Press Agency, Choi, who also serves as the deputy prime minister for economic affairs, instructed relevant authorities to swiftly and proactively enact market stabilization measures when volatility in financial and foreign exchange markets becomes excessively strong. This marks the first verbal intervention by the authorities since April, when the won-dollar exchange rate approached 1,400 won per dollar amid escalating geopolitical tensions in the Middle East.Following Donald Trump's recent victory in the U.S. presidential elections, the local currency has experienced fluctuations against the U.S. dollar, surpassing the psychologic ally significant level of 1,400 won. On Thursday, the won-dollar exchange rate was recorded at 1,405.10 won per dollar at 3:30 p.m. local time.