S. Korea to Tighten Monitoring of Banks’ Liquidity: Choo
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South Korea’s government plans to tighten monitoring of banks’ liquidity and scale down its bond sales volumes in July as possible reductions in Federal Reserve stimulus roil capital flows from developing countries.
South Korea’s fundamentals from budget to foreign reserves are sound, so speculation on a Fed move is unlikely to spur any drastic capital outflows, Vice Finance Minister Choo Kyung Ho said in Seoul.