Korea Joongang Daily
Korea JoongAng Daily

Korea renews $3.7 billion currency swap line with Malaysia

Korea and Malaysia renewed a 5 trillion won ($3.7 billion) currency swap deal Monday, a move aimed at offering liquidity support to both countries’ financial markets in times of crisis.

2024-05-13

Korea, Japan, China, Asean discuss currency swap, finance cooperation

Vice finance ministers from Korea, China, Japan, and the Association of Southeast Asian Nations (Asean) agreed to enhance a currency swap mechanism as part of broader efforts to strengthen financial cooperation.

2023-12-08

Korea and Japan re-establish $10 billion currency swap deal

Korea and Japan have officially struck a three-year currency swap deal eight years after discontinuing their previous agreement.

2023-12-01

Korea, Japan agree to revive $10 billion currency swap deal

Korea and Japan have agreed to open a $10 billion currency swap line on Thursday after an eight-year hiatus.

2023-06-29

Korea, Japan to discuss currency swap line during ministerial talks

Korea will discuss re-establishing a currency exchange swap line with Japan that expired in 2015 during a ministerial meeting in late June.

2023-06-08

BOK, state pension operator sign $35 billion FX swap deal

Korea's central bank and state pension operator have agreed to open a currency swap line as part of efforts to ease market volatility, foreign currency authorities said Thursday.

2023-04-13

Korea, Australia renew expanded currency swap deal

Korea and Australia renewed their currency swap deal Monday, the finance ministry and central bank said, to ensure a steady exchange of goods and services between the two countries.

2023-02-06

Won crash continues as need for swap with U.S. downplayed

The won fell more than 1 percent against the dollar and stocks declined more than 2 percent on Wednesday as the global market rout continued.

2022-09-28

Choo downplays need for swap and pitches stability fund

The finance minister threw more cold water on the idea of Korea signing a currency swap agreement with the United States.

2022-09-25

BOK, state pension fund agree to open currency swap line

Korea's central bank said Friday that it has agreed to open a dollar-for-won currency swap line with the state pension fund in a bid to ease demand for dollars in the domestic foreign exchange market and support the rapidly weakening local currency.

2022-09-23