To assist domestic companies in raising overseas capital, the government plans to simplify procedures for issuing bonds on the Luxembourg Stock Exchange, known as LuxSE.“Strict regulations restrain the efficiency of foreign exchange management, and there is a need to take into account worsened foreign exchange liquidity conditions after recent events," the finance ministry said in a joint statement with the central bank and financial regulators.
While unveiling a spate of measures aimed at improving foreign currency liquidity in the local market following an emergency economy-related government meeting, the Ministry of Economy and Finance said it will “closely monitor the foreign exchange market and gauge the impact of the new measures” before further loosening foreign currency rules.
The delay is expected to provide financial institutions sufficient time to adapt to the new standards while maintaining market stability, according to the joint statement.“Increased FX loans are expected to enhance FX liquidity in the market, potentially lowering the Korean won-US dollar exchange rate,” said a ministry official.
The story "South Korea to ease foreign exchange regulations, expand FX swap line" has 743 words across 32 sentences, which will take approximately 4 - 7 minutes for the average person to read.
Which news outlet covered this story?
The story "South Korea to ease foreign exchange regulations, expand FX swap line" was covered 10 hours ago by Korea Economic Daily, a news publisher based in South Korea.
How trustworthy is 'Korea Economic Daily' news outlet?
Korea Economic Daily is a fully independent (privately-owned) news outlet established in 1964 that covers mostly economy news.
The outlet is headquartered in South Korea and publishes an average of 8 news stories per day.
It's most recent story was published 9 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
