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.
Already a subscriber? Log in.
Subscribe now for a chance to win your dream holiday!
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!
