South Korea regulator asks banks to adjust FX loans to help stabilise market
Currency dealers work as an electronic board shows the Korean Composite Stock Price Index (KOSPI) and the exchange rate between the U.S. dollar and South Korean won at a dealing room of a bank, in Seoul, South Korea on Dec 9, 2024. (File photo: REUTERS/Kim Kyung-Hoon)
SEOUL : South Korea's financial regulator on Thursday asked local banks to consider flexibly adjusting the maturity of foreign exchange transactions and loans for companies amid heightened volatility in the currency market.
That would help ease demand for dollars and stabilise the dollar-won rate, the Financial Services Commission said in a statement.
Source: Reuters
