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S.KOREA

Koo: U.S. may drop $350B upfront request, aware of FX risks

South Korean Deputy Prime Minister and Finance Minister Koo Yoon-cheol suggested Thursday that the United States could retract its demand for a $350 billion upfront investment, saying Washington now better understands Seoul’s foreign exchange stability concerns. Speaking with reporters at the International Monetary Fund headquarters in Washington on Oct. 16..

Government scraps breach of trust law, shifting minor violations to fines
South Korea will abolish the criminal offense of breach of trust for the first time in more than seven decades, a move aimed at easing what policymakers de..

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