June 10, 2014 / 5:52 AM / in 4 years

S.Korea forex official denies report of plans to inspect banks

SEOUL, June 10 (Reuters) - South Korea has no plans to inspect banks over foreign exchange trading but is looking into the surges in dollar/won trading near the end of the onshore session, a foreign exchange official told Reuters on Tuesday.

“The authorities are closely watching the pattern of deals for one direction (for the dollar/won) surging near the end of the session,” the official said. The finance ministry and central bank are in charge of foreign exchange policies.

“We see this pattern as a serious issue but do not consider carrying out inspection of banks regarding this,” the official said, denying a local media report. (Reporting by Lee Shin-hyung; Writing by Choonsik Yoo; Editing by Jacqueline Wong)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below