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South Korea’s Pension Service to work with FX authorities to intervene in KRW when needed

South Korea’s  Pension Service to work with FX authorities to intervene in KRW when needed

Reuters interviewed South Korea’s National Pension Service (NPS) Chairman Kim Tae-hyun

  • said that the NPS will collaborate with foreign exchange authorities when needed to help stabilize the market
  • also said that re-establishing a currency swap arrangement with South Korea’s central bank which expired at the end of last year could be part of such collaboration
  • “We have our own target rate for foreign exchange that we can endure,” Kim said. added that cooperation with... Read More
Posted: Mar 5 2023, 23:42
Author Name: forexlive
Views: 082199

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