DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Choonsik Yoo Yena Park"


2 mentions found


☆ South Korea says new FX steps will boost won's status, business for firms
  + stars: | 2023-02-09 | by ( Choonsik Yoo Yena Park | Choonsik Yoo | Yena Park | ) www.reuters.com   time to read: +3 min
[1/3] South Korea's 1st Vice Minister of Economy and Finance Bang Ki-sun speaks during an interview in Seoul, South Korea, February 9, 2023. The Ministry of Economy and Finance/Handout via REUTERSSEOUL, Feb 9 (Reuters) - South Korea's plans to loosen restrictions in its currency market will raise the won's status globally and boost business opportunities for local financial firms, a vice finance minister told Reuters on Thursday. South Korea's economy contracted in the December quarter but Bang said the most recent information indicated it would return to growth in the January-March period, without providing specific data. House prices in South Korea fell 1.98% in December from a month earlier, the fastest drop since data releases began in late 2003 and a seventh consecutive month of decline. The comment contrasted with a long practice of South Korean authorities expressing their concerns about the adverse effect on price competitiveness of their export goods abroad.
☆ South Korea FX steps to boost global status, business for firms, vice finance minister says
  + stars: | 2023-02-09 | by ( Choonsik Yoo Yena Park | Choonsik Yoo | Yena Park | ) www.reuters.com   time to read: +2 min
SEOUL, Feb 9 (Reuters) - South Korea's plans to loosen restrictions in its currency market will raise the won's global status and, as a result, boost business opportunities for local financial firms, a vice finance minister told Reuters on Thursday. Vice Minister Bang Ki-sun said the government was working on follow-up measures with the aim of implementing the plans in July next year, while dismissing concerns about the won facing a loss of stability. The new measures call for more than doubling the trading hours on the won until past midnight local time and allowing qualified global financial firms to directly trade the currency through two onshore spot brokerage houses. South Korea's economy suffered a contraction in the December quarter and Bang said the most recent information indicated it would return to growth in the January-March period, without providing specific data. Reporting by Choonsik Yoo and Yena Park; Additional reporting by Jihoon Lee; Editing by Lincoln Feast.
0 next >>
Total: 2