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ECONOMY

FX authorities extend $65bn swap with NPS

South Korea’s foreign exchange authorities have agreed to extend a foreign exchange swap arrangement with the National Pension Service (NPS) through the end of next year, a move expected to help stabilize markets amid recent volatility in the won-dollar exchange rate.The Ministry of Economy and Finance and the Bank of Korea said on December 15 that they had..

Seoul’s high-priced apartment deals drop 74% after loan curbs
Following the government’s introduction of stringent real estate loan regulations, high-priced apartment transactions in Seoul have plunged more than 70% c..

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