IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Dec 2012 | Removal date: open ended
Still in force

Controls on commercial transactions and investment instruments

On 27 November 2012, the Ministry of Strategy and Finance of the Republic of Korea announced restrictions on the extent that banks can hold foreign exchange derivative positions, lowering the maximum to 30% of equity for domestic banks (down from 40%), and 150% of equity for branches of foreign banks (down from 200%). The measure took effect on 1 December 2012.

AFFECTED COUNTRIES

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