Tag Archives: south korea
Korea introduced FX Margin business in 2005, later than in other countries. However, the Korean dynamism was no exception in FX Margin market as it grew rapidly, passing through the financial crisis in 2008. But recently, the Financial Supervisory Service, a government regulation body, grew concerned about excessive investment in the FX Market and is increasing restrictions, such as a deposit increase. Thus the FX market is being tested for its sustainable growth ability.
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China is showing positive signs of further liberalising its currency. Recently the worlds second largest economy opened up doors for Yuan forwards and is now boosting ties with South Korea.
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FX volumes continue to show strength as South Korean banks’ foreign exchange trading volume hit a near 3-year high in the second quarter, the central bank announced. The daily average foreign exchange turnover for banks amounted to $47.9 billion in …
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