ANNOUNCED AS TEMPORARYNo
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.
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