Korean cb, government differ on reserve management

A Korean presidential committee has said it will grant a soon-to-be-established corporation management control over about $20 billion in foreign reserves despite objections from the Bank of Korea. The BOK argued that the central bank should remain the only authority to manage the nation's foreign-exchange reserves.

Source: The Korea Herald

Heralding another round of wrangling over the independence of the central bank, a presidential committee said it would grant a soon-to-be-established corpora