South Korea to announce measures to improve FX liquidity by the end of the year

I posted this from the South Korean Ministry of Finance over the weekend:

South Korea's Finance Minister promises bold and swift measures to address financial mkt trends

More now from South Korea's Ministry of Finance and regulators statement on Monday, we will make external efforts to stabilize financial markets by using contingency plans announced earlier and preparing new measures to increase market liquidity to develop foreign exchange by the end of December.

They will work with the Bank of Korea on outright purchases of Korean Treasury Bonds (KTBs) if needed
He will announce measures to improve fx liquidity by the end of December

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Korea Treasury Bonds (KTBs):

government securities issued by the South Korean Ministry of Economy and Finance
a key tool for the government to finance its expenditures and manage the national debt
KTBs are available in various maturities, including 2-year, 3-year, 5-year, 10-year, 20-year, 30-year, and 50-year terms.
The Government Bond Policy Department oversees the issuance and management of KTBs

This article was written by Eamonn Sheridan at www.forexlive.com.

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