FX

Mergers & Acquisitions Corstone, Q Capital in talks with foreign investors to sell K-chicken chain

Seoul-based private equity firms Corstone Asia and Q Capital Partners are in talks with foreign investors to sell a South Korean fried chicken chain...

Foreign exchange South Korea expands foreign banks' access to forex market

An increasing number of foreign banks without a physical presence in South Korea are gearing up to offer dollar-won conversion services to non-Korea...

Foreign exchange Korea to relax FX rules by December to boost dollar selling

South Korea will raise the limits on forward dollar purchases and expand the foreign exchange swap line between the National Pension Service (NPS) a...

Foreign exchange South Korea to ease foreign exchange regulations, expand FX swap line

South Korea’s foreign authorities said on Friday they will ease foreign exchange regulations to allow more dollars into the domestic financial...

Foreign exchange South Korea returns to US FX monitoring watchlist

The United States has reinstated South Korea on its foreign-exchange monitoring watchlist, a year after it removed Asia’s No. 4 economy from t...

Foreign exchange Korean won hits 15-year low in Q2 amid FX, economic uncertainty  

The South Korean currency fell to its lowest level against the US dollar in 15 years in the second quarter amid growing uncertainties surrounding gl...

Foreign exchange Korea FX authorities, NPS raise currency swap limit to $50 bn

South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, said on Friday it has agreed with foreign exchange...

Banking & Finance Korean banks broaden horizons to Mexico, Poland, Africa

South Korean banks are broadening their horizons beyond Asia into Mexico, Poland and Africa in step with Korean manufacturing companies’ globa...

Foreign exchange Navigating choppy waters: Dollar-won FX forecasting  

Late last year, when the Korean won traded at 1,288 per dollar, most market analysts and economists predicted that the Korean currency would regai...

Foreign exchange Toss Bank launches commission-free foreign exchange services

South Korea’s fintech platform Toss Bank said on Thursday it has launched commission-free foreign exchange services for the first time as a do...

Leadership & Management S.Korea's HD Hyundai chairman: We can’t rely on bad profits

Kwon Oh-gap, chairman and co-CEO of South Korea's HD Hyundai Co., has ordered his company not to rely on “bad profits” gained from tempo...

Foreign exchange S.Korea to allow offshore investors to directly trade won

South Korea is set to allow offshore investors to directly trade the won and extend the operating hours of the local currency market from July next ...

Banking & Finance Kookmin Bank launches foreign currency trading platform KB Star FX

South Korea's largest lender Kookmin Bank on Monday launched its new contactless platform for foreign exchange transactions dubbed KB Star FX.The on...

Foreign exchange Korean NPS opens up forex hedging limit to maximum of 10%

South Korea’s mighty state pension fund will hedge foreign exchange risks for up to 10% of its overseas investment for a limited period. ...

Banking & Finance Hana Bank signs agreement for 24-hour forex trading

Hana Bank said on Friday that it signed a strategic memorandum of understanding (MOU) with Toss Securities for 24-hour foreign exchange trading at t...

Foreign exchange Korean exporters suffer FX derivate losses on weak won

More South Korean exporters suffered massive losses from foreign exchange derivatives on a weaker won, failing to benefit from the unit’s depr...

Earnings Weak won, boon to Doosan Bobcat but bane to Enerbility

A weaker South Korean won currency has become a double-edged sword to Doosan Group’s affiliates. Construction equipment maker Doosan Bobcat is...

Foreign exchange Korea FX authorities, NPS agree on currency swap; won flat

South Korea’s foreign exchange authorities and the state-run National Pension Service (NPS) agreed to open a currency swap line for the first ...

Central bank BOK chief signals another big step as Fed hike haunts won

South Korea’s central bank on Thursday signaled another 50-basis-point policy interest rate hike as the won currency weakened past the psychol...

The KED View Was South Korea’s FX intervention too late?

The South Korean won on Sept. 14 opened 1.4% lower in the domestic currency session after shocking US inflation data rattled global financial market...

Foreign exchange Tumbling Korean won increases corporate debt burden

The South Korean won extended its losses to hit its weakest level since the 2008-09 global financial crisis on Wednesday, pressured by higher-than-e...

Foreign exchange Korea won at 13-year low on recession fears amid tightening

South Korea’s won hit a 13-year low, weakening past the psychologically important 1,300 per US dollar level for the first time since the 2008-...

Foreign exchange Korea to reform FX market to join MSCI developed markets

South Korea is set to reform the local currency market as the country aims to reach MSCI Inc.’s developed market status for its domestic stock...

Supply chain Korea Inc. braces for rising costs, supply chain risks, volatile FX

Hopes for improving corporate earnings are rising as countries around the world are relaxing their anti-COVID-19 measures, but South Korean companie...

ESG BOK to exclude high emitters from FX reserves portfolio

The Bank of Korea (BOK) is planning to exclude the bonds and equities issued by high carbon emitters from its foreign reserves portfolio in stages, ...

Economy S. Korea's FX reserves rise for 7th straight month to record-high $426.5 bn

South Korea's foreign exchange reserves rose for a seventh straight month to a fresh record high in October due to gains in non-dollar assets and incr...

Forex management NPS to manage FX exposure via derivatives

The National Pension Service will begin to manage foreign currency risk through derivatives trading, as the $690 billion pension fund is aiming to boo...

Pension fund Korean public employees’ pension to take more FX risk from alternatives

The Government Employees Pension Service (GEPS) plans to abandon its principle of hedging currency exposure from investing in overseas alternatives, a...