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

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: