S.Korea to assure continued FX intervention-report

SEOUL, July 6 (Reuters) - South Korea's finance ministry and central bank will issue a joint statement on Monday assuring their commitment to supporting the won to cushion imported inflation, domestic Yonhap news agency reported on Sunday.

Media relations teams at the top two foreign exchange policy authorities said they plan to hold separate briefings on recent market trends at the same time from 8:30 a.m. on Monday (2330 GMT on Sunday), but declined to elaborate.

Yonhap reported Finance Minister Kang Man-soo, Bank of Korea Governor Lee Seong-tae and presidential economic policy aide Bahk Byoung-won met late on Sunday and agreed the authorities would continue their effort to stabilise the foreign exchange rate.

"Participants in the meeting confirmed that there was no difference of view toward the foreign exchange market," Yonhap quoted an unnamed finance ministry official as saying.

"The government and the Bank of Korea will formally announce the stance of authorities toward the foreign exchange market early on July 7," the official was also quoted as saying.

In South Korea, the finance ministry has the final say on foreign exchange policy but usually consults with the central bank, which manages foreign exchange reserves, on important market operations.

The won <KRW=> has lost more than 10 percent against the dollar this year, contributing to the spike in annual consumer inflation to a near 10-year high of 5.5 percent in June.

As the skyrocketing oil price put Asia's fourth-largest economy in danger of slipping into stagflation, South Korea on Sunday introduced a multi-stage package of measures including restrictions on driving cars owned by public organisations. (Reporting by Yoo Choonsik; Editing by Erica Billingham)