
South Korea is actively working to enhance the global stature of its financial markets and ease its stringent currency restrictions, a major pain point that has historically hampered investors and traders due to its FX history. The country is engaging in a multinational framework to review export controls for sensitive products, including semiconductor-related equipment, as stated by the trade minister. Additionally, the government plans to inject 255 trillion won into trade insurance and expand financial support for developing countries, aiming to alleviate the long-standing issues related to currency restrictions and bolster its position as an export powerhouse.
S. KOREA TO EXPAND FINANCIAL SUPPORT FOR DEVELOPING COUNTRIES: REGULATOR
SOUTH-KOREA GOV'T TO INJECT 255 TLN WON IN TRADE INSURANCE
As South Korea seeks to boost the global profile of its financial markets, the export powerhouse is struggling to loosen the tight currency restrictions that have for years been a major pain point for investors and traders in the country. More here: https://t.co/wDTjwk6Kmp




