ANNOUNCEMENT 13 Jun 2010In June 2010, the government of Republic of Korea announced a rule change for commercial cross-border financial flows.
NUMBER OF INTERVENTIONS
Financial Supervisory Service, June 2010, 'New Macro-Prudential Measures to Mitigate Volatility of Capital Flows': http://www.fss.or.kr/download.bbs?bbsid=1289277491315&fidx=1288206440668
WTO-UNCTAD-OECD Fourth Report on G20 Trade and Investment Measures, mid-May to mid-October 2010: http://www.oecd.org/daf/inv/investment-policy/46318551.pdf
On 13 June 2010, the Republic of Korea introduced macro-prudential measures to mitigate the volatility of capital flows. The three specific measures are:
The asymettric treatment of domestic and foreign banks accounts for its classification of red in the GTA database.