Independent journal on economy and transport policy
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Bank of Korea to Urge Shipbuilders to Settle in Won
(Bloomberg)
November 11, 2007
By Kim Kyoungwha
Nov. 11 -- The Bank of Korea plans to urge domestic shipbuilders to settle contracts in won and to spread hedging activities over time to curb the currency's gains against the dollar.
“For the currency market's stability, we need to take multilateral efforts such as encouraging shipbuilders to settle deals in won and spread sales of currency forward contracts,” the central bank said in a statement released today in Seoul ...... Read more on Bloomberg
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