S. Korea closely watches currency market situations: finance ministry

SEOUL, Sept. 15 (Yonhap) -- South Korea is closely watching currency market conditions as volatility increases amid growing concerns over fiscal woes in Europe, a senior finance ministry official said Thursday. "In any direction, excessive fluctuations in the currency exchange rates are not desirable," Eun Sung-soo, head of the finance ministry's international financial bureau, told reporters. "We are now closely watching the market situations."