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News Briefing
Investor Relations meeting in London

First Vice Minister Kim Byoung-hwan convened anInvestor Relations session with global investors inLondon on February 5 and shared insights into thecurrent state of the Korean Economy. Vice-Minister Kimalso discussed the governments policy directions andmeasures, in particular the Improvement Measures forForeign Exchange Market Structure. Ahead of the upcoming IR meeting, the Ministry ofEconomy and Finance discussed with leading globalequity and bond investment institutions aboutimproving access to the Korean Foreign Exchange (FX)market. The majority of the foreign investors, includingthose attending the IR, spoke highly of the governments recent actions, which opened the FX market toforeign banks and significantly expanded trading hours until 2 a.m., aligning with the closing time of theLondon FX market. They expressed their anticipation that such changes will not only benefit participants inthe interbank FX market but also enhance the convenience of foreign stock and bond investors. During the meeting, Vice-Minister Kim vowed to pursue improvements to the relevant FX systems in thefirst quarter as foreign investors requested that the settlement failure risks be managed in accordance withglobal standards so that currencies can be traded with a broader range of FX banks and across differenttime zones. Furthermore, Vice-Minister Kim took the opportunity to address any misunderstandings among someforeign investors that the hedging capacity for investments in Korean Won-dominated assets made byforeign financial institutions is limited to the scope of actual demand (the value of invested Korean Won?dominated assets).

Mar 2024
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