Foreign exchange (FX) authorities formed a new consultative body with the National Pension Service (NPS), holding its first meeting Monday to devise measures to stabilize the market as the Korean won continues to weaken against the U.S. dollar.
Korea's financial authorities announced a 100 trillion won market stabilization program to respond to growing uncertainty over U.S. tariffs.
Korea's central bank said Monday it will sell 11 trillion won ($8.96 billion) of monetary stabilization bonds (MSBs) in February.
Bond issuance in Korea shrank in September from the previous month amid rising interest rates, industry data showed Tuesday.
The Bank of Korea is issuing 9.9 trillion won ($6.9 billion) in monetary stabilization bond in October, it announced Thursday.
Korea said Thursday it has sold about $1.3 billion of foreign exchange stabilization bonds at the second-lowest ever rates amid solid demand.
Foreign investors remained net sellers of Korean equities in February, extending their selling spree for a third consecutive month, the central bank said Thursday.
Korea JoongAng Daily Sitemap
