Reuters interviewed South Korea’s National Pension Service (NPS) Chairman Kim Tae-hyun
- said that the NPS will collaborate with foreign exchange authorities when needed to help stabilize the market
- also said that re-establishing a currency swap arrangement with South Korea’s central bank which expired at the end of last year could be part of such collaboration
- “We have our own target rate for foreign exchange that we can endure,” Kim said. added that cooperation with foreign exchange authorities would be based on achieving good investment returns
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South Korea’s National Pension Service (NPS) is manager of the world’s third-largest public pension fund.
- nearly US$700 billion under its management
- persistently needs to buy dollars to invest abroad
Weekly KRW:
