Korea to relax currency restrictions
NEWS
The South Korea Ministry of Finance and Economy will abolish all foreign exchange trading restrictions other than 'safeguard regulations', it said last week.
Han Duck-soo, deputy prime minister and minister of finance and economy, had earlier hinted at this liberalisation. He was quoted in a lunch meeting with foreign financial institutions early last month to have said: "The government will further liberalise the domestic foreign exchange market. Starting next year, for instance all capital
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