MK Business News Logo
Friday, August 22, 2014 search icon
검색 search
Top Stories
Finance
Market
Economy
Companies
General
Opinion Editorial
Archive
Photo
Subscribe to MK English Newsletter
World Knowledge Forum

Home > mk Business News 프린트 이메일 전송 리스트
S. Korean gov’t decides not to publish forex market intervention data
2012.11.29 18:01:16 | 2012.11.30 09:11:34
보내기
The South Korean government decided not to publish data on its intervention in the foreign exchange (forex) market, resisting the pressure from the US Department of Treasury, which urges the Korean government to publicly disclose the data. The US department said it will continue to press the Korean authorities to commit to the publication of intervention data in its ‘Report to Congress on International Economic and Exchange Rate Policies’ released on November 27 (local time).

[S. Korean gov’t decides not to publish forex market intervention data] 기사의 본문 이미지


The Seoul authorities have concluded not to yield to the US pressure for releasing data on the fund size and timing of intervention in the forex market, said several senior officials of the Ministry of Strategy and Finance (MOSF) Thursday. Some developed countries including the US, Japan and nations in the eurozone publish data on their intervention in the forex market, according the International Monetary Fund (IMF). Such data have been provided on a monthly basis by Brazil, Chile, Russia, New Zealand, and on a daily basis by Mexico and Australia.

“The Korean government deems that the Korean currency won is in a unique situation that differs from those of the other countries,” said one of the officials. “Because the Korean forex market is relatively more volatile and Korea is the sole forex market for the won.”

[Written by Hyun-kyu Shin -Sun -ah Kim / edited by Soyoung Chung]



[ⓒ Maeil Business Newspaper & mk.co.kr, All rights reserved]

경제용어사전 프린트 이메일 전송 리스트

PDF list
Fri, Aug 22, 2014
Latest News
Gov’t to grant immunity from audit t..
Samsung commands highest flat TV shar..
4.2mn senior citizens to collect basi..
Top 3 mobile carriers slapped with $5..
Louis Vuitton to buy stakes from YG E..
LG Chem grabs deal to supply electric..
Regulator revises car insurance premi..
Google reshapes world in decade
Criminal complaint to be filed agains..
GS E&C wins $767mn water treatment or..
Press Releases&Speeches
[Press Release] External Debt, Q2 201..
[Press Release] Dishonored Bill Ratio..
Today Vocab&Phases
[08/22 Fri] Aging schedule
deduce, fathom
Announcement

Terms of Use | Advertise With Us | Privacy Policy | Copyright Policy | Contact Us | Unauthorized collection of e-mail addresses disapproved
Copyrightⓒ 2009 Maeil Business Newspaper & MK Inc. All rights reserved.