BOK to increase efficiency of reserve management

The Bank of Korea (BOK) said it will strengthen its manpower in the foreign currency asset management divisions to more effectively manage increasing foreign exchange reserves.

The central bank plans to increase the number of foreign currency asset managers to more than 100 from 66 by hiring or reshuffling internal personnel to boost returns on its foreign currency asset management, the Korea Times said.

``We plan to expand manpower and organization to sharpen our competitive edge in international

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