Global Trade Alert
Global Trade Alert

Republic of Korea: Foreign exchange derivative positions restricted

Announcement

27 Nov 2012

In November 2012, the government of Republic of Korea announced a rule change for commercial cross-border financial flows.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 Dec 2012

Revocation date:

No revocation date

Last action: 27 Nov 2012
Controls on commercial transactions and investment instruments In force
On 27 November 2012, the Ministry of Strategy and Finance of the Republic of Korea announced restrictions on the extent that banks can hold foreign exchange derivative positions, lowering the maximum ...
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