South Korea finmin: in talks to reactivate FX stabilisation measures

Kitco Media
By Reuters
Published:
Updated:
Reuters
SEOUL, March 9 (Reuters) - 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. Minister Choo Kyung-ho said the Korean won's recent movements were largely in line with other major currencies and that the authorities would continue to closely monitor the market. (Reporting by Jihoon Lee and Yena Park; Editing by Muralikumar Anantharaman)

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