原文标题： (LEAD) S. Korea, U.S. reconfirm fundamental principle to avoid manipulating exchange rates 原文连结：https://en.yna.co.kr/view/AEN20250930010951320 发布时间：10:57 October 01, 2025 记者署名：Kim Han-joo 原文内容： SEOUL, Oct. 1 (Yonhap) -- South Korea and the United States have reaffirmed a fundamental principle to avoid manipulating exchange rates and to monitor the "stability" of the foreign exchange (FX) market, Seoul's finance ministry said Wednesday. 首尔，10月1日（韩联社）——韩国与美国再次重申避免操纵汇率的基本原则，并将共同 监测外汇市场的「稳定性」，首尔财政部周三表示。 The two countries have agreed to "avoid manipulating exchange rates or the international monetary system to prevent effective balance of payments adjustment or to gain an unfair competitive advantage," the agreement released by the Ministry of Economy and Finance said. 根据韩国企划财政部发布的协议，两国同意「避免操纵汇率或国际货币体系，以阻碍有效 的国际收支调整或谋取不公平的竞争优势」。 The agreement was reached during the latest series of talks between two countries' financial authorities, separate from ongoing trade negotiations amid speculation about a currency swap arrangement with the U.S. as a safeguard for South Korea's US$350 billion investment pledge under a framework trade deal reached in late July. 该协议是在近期两国金融当局会谈中达成的，与正在进行的贸易谈判分开。背景是外界猜 测，韩国为履行7月底达成的框架贸易协议下 3,500亿美元投资承诺，可能需要与美国签 署货币交换协议作为保障。 "Both countries commit to exchanging any foreign intervention operations on a monthly basis as part of their continued efforts to enhance communication and monitor foreign exchange market developments and stability," the released document said. The countries previously exchanged such information on a quarterly basis. 协议文件指出：「两国承诺每月交换任何外汇干预操作资讯，作为持续加强沟通、监测外 汇市场发展与稳定性的一部分。」过去双方是每季交换一次此类资讯。 The ministry said the latest agreement is significant in that it reaffirms the importance of close communication and mutual trust between the two countries' financial authorities in ensuring foreign exchange market stability. 财政部表示，这份最新协议的重要性在於再次确认双方金融当局保持紧密沟通与互信，对 确保外汇市场稳定至关重要。 Similar agreements recently reached by the U.S. with other major trading partners, such as Japan and Switzerland, did not contain references regarding the stability of the FX market. 美国近期与日本、瑞士等主要贸易夥伴达成的类似协议中，并未包含「外汇市场稳定性」 的表述。 "Only our agreement includes a reference to stability," said Jung Yeu-jin, a ministry official, adding that it reflects Washington's recognition that South Korea's economic stability is also an important factor. 财政部官员郑有镇（音译）表示：「只有我们的协议提到『稳定性』。」他补充道，这反 映出华盛顿承认韩国的经济稳定性同样是重要因素。 Seoul and Washington agreed that "any macroprudential or capital flow measures will not target exchange rates for competitive purposes," according to the finance ministry. 根据财政部说法，首尔与华盛顿同意「任何宏观审慎或资本流动措施都不会以竞争性目的 针对汇率」。 They also agreed government investment vehicles will invest abroad only for risk-adjusted return and diversification purposes, "and not to target the exchange rate for competitive purposes," it added. 双方还同意，政府投资机构在海外投资仅限於风险调整後的回报与分散化目的，「不会以 竞争性目的针对汇率」，财政部补充道。 The ministry said the agreement does not explicitly contain references to the foreign exchange swap of the National Pension Service (NPS), which has emerged as one of the concerns in trade negotiations with Washington. 财政部指出，协议中并未明确提及国民年金公团（NPS）的外汇交换安排，而这已成为与 华盛顿贸易谈判中的一个关注点。 The U.S. Department of the Treasury had kept Seoul on its list of countries to be monitored for their foreign exchange policies in its latest report released in June. 美国财政部在6月发布的最新报告中，仍将首尔列入外汇政策的监测名单。 The report cited the growing foreign assets of the NPS and its $65 billion swap line with the Bank of Korea and other financial authorities, suggesting it could potentially be viewed as a tool for currency intervention. 该报告提到，NPS不断增长的海外资产，以及与韩国银行及其他金融当局的 650亿美元掉 期安排，可能被视为干预汇率的工具。 Although South Korea is not designated as a currency manipulator, it has remained on the monitoring list since November 2024. 虽然韩国未被正式认定为「汇率操纵国」，但自2024年11月以来，一直被列入监测名单。 "Since the agreement sets mutual standards for foreign exchange policy with the U.S., it can be interpreted to mean that as long as these standards are upheld, South Korea is unlikely to be designated a currency manipulator," Jung said of the latest agreement with Washington. 郑有镇对这份最新协议解读称：「由於协议建立了与美国的外汇政策共同标准，因此可以 理解为，只要遵守这些标准，韩国就不太可能被列为汇率操纵国。」 Another Treasury Department report on the watch list is set to be released in November. 美国财政部将於11月发布另一份监测名单报告。 心得/评论： 韩国承诺不操纵汇率、不利用外汇政策谋取竞争优势 并从季度资讯交换改为每月资讯交换，提高透明度 Monitoring List监测名单 https://home.treasury.gov/news/press-releases/sb0157?utm_source=chatgpt.com China, Japan, Korea, Taiwan, Singapore, Vietnam, Germany, Ireland, and Switzerland. --

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