Washington will strengthen its monitoring of portfolio investments by pension and sovereign wealth funds of its trading partners as it broadens its scope of oversight to include tracking the funds' capital flows and any macroprudential measures seen as beyond direct market intervention.
According to Washington, South Korea runs significant current account and trade surpluses with the US, but its currency has not appreciated much.
President Lee Jae-myung (second from right) presides over his first cabinet meeting on June 5, 2025 South Korea’s financial markets showed strong gains on Thursday, with shares surging to an 11-month high and the won hitting a seven-month high as post-election optimism over the Lee Jae-my
South Korea is set to issue up to $1.2 billion in forex stabilization bonds as early as June South Korea plans to issue up to $1.2 billion in foreign exchange stabilization bonds as early as June, in what would mark the new administration’s first foray into international capital markets f
(Courtesy of Yonhap) South Korea’s foreign exchange reserves diminished to the lowest level in nearly five years last month, largely due to the expanded forex swap line between the country’s central bank and national pension fund. The forex reserves held by Asia’s fourth-large
(Courtesy of Getty Images) South Korea will allow foreign investors to trade South Korean treasury bonds via omnibus accounts under the names of global custodians or asset managers, eliminating their need to open separate accounts with individual asset managers.The Financial Supervisory Service
The National Pension Service is South Korea’s state-run pension fund and the country’s largest institutional investor The National Pension Service (NPS), South Korea’s state-run pension fund and the country’s largest institutional investor, is set to begin strategic curr
The Korean won pared gains to close domestic trading at 1,468.4 to the dollar on Jan. 3 (Courtesy of News1) An increasing number of foreign banks without a physical presence in South Korea are gearing up to offer dollar-won conversion services to non-Korean residents. This year, the country wil
The won closed at 1,452.4 to the dollar in domestic trading on Monday, hovering at its lowest point in more than 15 years South Korea will raise the limits on forward dollar purchases and expand the foreign exchange swap line between the National Pension Service (NPS) and the Bank of Korea by t
Kim Beom-seok, first vice minister of economy and finance, presides over an emergency economic meeting to announce measures to ease Korea's forex regulations South Korea’s foreign authorities said on Friday they will ease foreign exchange regulations to allow more dollars into the domesti
Korean won and US dollars at Hana Bank in Seoul (Courtesy of Yonhap) The United States has reinstated South Korea on its foreign-exchange monitoring watchlist, a year after it removed Asia’s No. 4 economy from the list. Korea was put back on the list because the country met two of the thr
(Courtesy of Getty Images) South Korea will be included in a global major bond index next year to attract an estimated $66 billion in capital inflows to Asia’s fourth-largest economy and boost its ailing won currency.FTSE Russell, the global index subsidiary of London Stock Exchange
National Pension Fund's headquarters in Jeonju, North Jeolla Province South Korea is considering tripling the maximum amount of dollars the National Pension Service (NPS) can buy from the domestic foreign exchange market for advance funding to $3 billion a month to mitigate its impact on the lo
Hana Bank’s trading floor in Seoul on July 5, 2024 (Courtesy of Yonhap) The South Korean currency fell to its lowest level against the US dollar in 15 years in the second quarter amid growing uncertainties surrounding global foreign exchange markets given incohesive rate moves by ma
Bundles of US dollars at a Hana Bank branch in Seoul (Courtesy of News1) South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, said on Friday it has agreed with foreign exchange authorities to increase the upper limit of currency swap lines from the c
Hana Bank's FX dealing room South Korea will extend the operating hours of the domestic foreign exchange market from next month, allowing foreign currency dealers to directly participate in the Korean won transaction system.The onshore won market, which opens at 9 a.m. Seoul time, will close at
Hana Bank headquarters' dealing room in Myeong-dong, Seoul South Korea is set to reform the local currency market as the country aims to reach MSCI Inc.’s developed market status for its domestic stock markets.The government plans to extend the operating hours of the country’s forei
The National Pension Service will begin to manage foreign currency risk through derivatives trading, as the $690 billion pension fund is aiming to boost overseas investments to over 500 trillion won ($441 billion) by 2024, the NPS said on Oct. 30.To make the so-called “tactical adjustment of c