SEOUL :South Korea's finance minister said on Thursday foreign exchange authorities were in talks to reactivate market stabilising measures, including a foreign exchange swap programme between the pension fund and central bank.'The measures we took in the fourth quarter to stabilise the foreign exchange marke
SEOUL :South Korea's finance minister said on Thursday foreign exchange authorities were in talks to reactivate market stabilising measures, including a foreign exchange swap programme between the pension fund and central bank.
"The measures we took in the fourth quarter to stabilise the foreign exchange market will continue in a consistent manner," Minister Choo Kyung-ho told reporters, according to a media pool report. Choo said the Korean won's recent movements were largely in line with other major currencies and that the authorities would continue to monitor the market.
A finance ministry official separately said the authorities would arrange a new currency swap line between the pension fund and central bank in the near future and extend maturity of the swap deals made during the last programme. South Korea's National Pension Service told Reuters last Friday it would collaborate with foreign exchange authorities when needed to help stabilise the market, such as by re-establishing the swap line.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Seoul approved Poland's export of howitzers with South Korean parts to Ukraine, official saysSEOUL: South Korea's government approved export licenses for Poland last year to provide Ukraine with Krab howitzers, which are built with South Korean components, a defence acquisition official in Seoul told Reuters on Wednesday (Mar 8). The comments are the first confirmation that South Korea officially
Read more »
New South Korea coach Klinsmann targets Asian Cup titleSEOUL – Newly appointed South Korea coach Jurgen Klinsmann wasted little time in setting his first target for the team after arriving at Seoul’s...
Read more »
Dog carcasses found in South Korea house; man says he starved abandoned dogsWhile looking for their dog last weekend, a resident of a town in South Korea stumbled upon dog carcasses inside a house. They then called the police, who found more than 1,000 dog carcasses on the property. The police are now investigating a man in his 60s for...
Read more »
House containing pile of over 1,000 dead abandoned dogs found in South KoreaOver 1,000 dead dogs were found piled on top of each other on the grounds of a house in Gyeonggi Province, South Korea. Police are investigating a man in his 60s who took in abandoned dogs and starved them to death. The decayed carcasses of the dogs were first discovered by a resident in the Yangpyeong neighborhood, where he stumbled upon a house full of dead dogs as he was trying to locate his own lost dog on Saturday.
Read more »
South Korean lawmakers say North Korea could test new missiles, Kim Jong Un has third childHe also has a son who has not made a public appearance, according to Seoul's intelligence services. Read more at straitstimes.com.
Read more »
New South Korea coach Klinsmann targets Asian Cup titleNewly appointed South Korea coach Juergen Klinsmann wasted little time in setting his first target for the team after arriving at Incheon airport on Wednesday, saying he wants to end their Asian Cup drought, which has spanned more than 60 years.Former Germany coach Klinsmann, 58, has signed a contract unt
Read more »