SEOUL, March 20 South Korea's inspection of
Barclays PLC's local unit was a routine, scheduled one
and has nothing to do with the units of the three Chinese banks
also under inspection, a central bank official said on Thursday.
"The inspection of the Barclays unit is being made according
to a routine inspection schedule on foreign banks," said Cho
Jeong-hwan, director of the Bank of Korea's Office of Bank
Examination and Analysis.
Sources said on Wednesday the Barclays unit was being
inspected together with units of Bank of China Ltd.,
Industrial and Commercial Bank of China Ltd. and
China Construction Bank Corp over a spike in yuan
(Reporting by Choonsik Yoo; Editing by Kim Coghill)