SOUTH KOREA'S INDUSTRY MINISTRY: STATEMENT
South Korea’s central bank agreed with the National Pension Service to expand the size and duration of a currency swap deal, a move that may help slow the won’s decline. https://t.co/bomVdnohug
State pension fund expands FX swap with BOK; Toughening of bank capital reserve rules postponed https://t.co/8QADQpjplh


South Korea's Financial Services Commission and the Financial Supervisory Service have announced that they will closely monitor financial markets and take necessary measures to address economic concerns. Choi, a representative from the commission, stated that additional steps will be implemented if market volatility becomes excessive. The Bank of Korea has also confirmed an expansion of its foreign exchange swap agreement with the National Pension Service, which aims to stabilize the currency and manage liquidity. The National Pension Service has extended its strategic forex hedging period until the end of 2025, maintaining a maximum currency coverage index of 10%. Furthermore, the government will postpone the introduction of stress buffer capital regulations to alleviate the financial burden on banks and support corporate financing.