Korea reportedly considers additional currency-volatility steps

12/10/2012 | Korea Times (Seoul), The

The South Korean government is preparing to restrict the flow of capital into and out of its financial markets, in an effort to curb currency volatility, sources said. The government is expected to change the method of measuring the amount of currency-derivatives holdings subject to a ceiling based on the monthly average of daily transactions. The government may add other curbs aimed at speculative investments in nondeliverable forwards.

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Korea Times (Seoul), The

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