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South Korea's state-run pension fund has activated a foreign-exchange swap agreement it recently signed with the Bank of Korea, according to a person familiar with the matter....
South Korea may step up its defense of the won should the currency weaken toward the psychologically important 1,500‑per‑dollar level, a threshold unseen since 2009, according to analysts....
South Korea's finance minister said the government is ready to act if needed to stabilize the won and bond markets, and the expected capital inflows tied to the nation's inclusion in a major global index next year will further support markets....
South Korea and the US have reached a preliminary security agreement, with Seoul increasing its defense budget by 8.2% next year to address US demands for greater cost-sharing. Concurrently, trade talks on a $350 billion investment package and a currency swap deal are progressing slowly, with optimism low for the latter's approval....
South Korea agreed to provide the US with monthly data on foreign-exchange interventions and publish the annual currency composition of its reserves, under a new accord aimed at boosting transparency while reaffirming commitments to avoid currency manipulation....