Pension fund, central bank to extend forex swap plan

The swap allows the NPS to use the BoK’s foreign exchange reserves in times of currency market volatility. — Reuters

SEOUL: South Korea’s National Pension Service (NPS) and central bank are in talks to extend their foreign exchange (forex) swap programme that was due to expire this month, according to sources.

“The two institutions seem to be in agreement with each other to extend. They are considering it positively,” a welfare ministry official told Reuters.

Get 30% off with our ads free Premium Plan

Monthly Plan


Annual Plan


Billed as RM103.60/year

1 month

Free Trial

For new subscribers only

Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

SouthKorea , NPS , ForeignExchange , Forex , Swap , BoK , Won , Investment


Next In Business News

Malaysia expects ringgit to rise this year, rules out currency peg
Ringgit rebounds to open higher against US$
Aluminium prices to remain under pressure in 2024
Soaring bitcoin set for sharpest monthly jump since 2020
Japan factory output falls at the fastest pace in nearly 4 years
FBM KCI rebounds slightly but volatility remains
Trading ideas: Maybank, Hong Leong Bank, HLFG, Public Bank, Farm Fresh, Hap Seng, Press Metal, Capital A, PPB, IJM, MYEG and Pecca
US SEC to vote on long-awaited climate disclosure rule, notice says
HP misses first-quarter revenue estimates on sluggish demand in PC market
Stocks slip, dollar rises ahead of US inflation data

Others Also Read