South Korea considers limiting foreign exchange contracts

05/28/2010 | Korea Herald (Seoul), The

South Korea might restrict forward contracts on foreign currencies because it is worried about extreme shifts in capital flow, a government official said. "We do not intend direct regulations on cross-border capital flows, but we feel the need to better manage the flow of foreign capital in and out of the country," said Kim Jong-chang, chairman of the Financial Supervisory Service.

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Korea Herald (Seoul), The

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