The Bank of Korea said Thursday 11 December that it would agree to requests by the government to entrust part of the central bank's foreign exchange reserves to a newly proposed state-managed agency. The bank had previously objected to the idea but governor Park Seung said he understood why the government wants the new agency.
Source: Joongang Ilbo
In a surprising reversal, Park Seung, governor of the Bank of Korea, said yesterday that he agreed to entrust part of the central bank's foreign cur
Back to Top