BOK's Park says 'no such plans' on dollar sales

The Bank of Korea has no plans to sell dollars out of the country's foreign reserves and replace them with other currencies, bank chief Park Seung said on Thursday 24 February.

"At the moment, the central bank has no such plans because it is hard to find more promising alternative investments," BOK Governor Park Seung said in a report to the National Assembly.

That's because the central bank should simultaneously seek safety, liquidity and profitability in managing the country's foreign r