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KDI 경제교육·정보센터

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한국관련자료
Korea’s Recent Financial Integration with China
PIIE
2015.12.15
Korea and China have been deepening their economic integration lately. On December 20, 2015, the Korea-China free trade agreement (FTA) will enter into effect, see our analysis on the FTA here. In October, outside the FTA, Korea and China agreed on two notable items: 1) the establishment of a direct Korean Won-Chinese Yuan trading market in Shanghai and 2) the Korean government’s issuance of yuan denominated sovereign bonds in the Chinese bond market. These not only promote China’s agenda for internationalization of the renminbi as well as helping the yuan’s inclusion into the SDR basket by boosting yuan transactions in international market, it also supports Korea’s goal to launch the Korean won’s internationalization[1] and to become a major offshore yuan trading hub in Asia.