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S. Korea Sees Ample Liquidity in FX Market on First Day of Longer Trading Hours

S. Korea Sees Ample Liquidity in FX Market on First Day of Longer Trading Hours

SEOUL, Jul. 2 (Korea Bizwire) — The South Korean foreign exchange market had ample liquidity in the Korean won-dollar trading on the first day with extended trading hours, the finance ministry said Tuesday, vowing enhanced market monitoring to curb possible volatility. Starting Monday, the operating hours of the foreign exchange market were extended to 9 [...]

Default Risk in USD 4.86 Trillion Global FX Gross Payments Can be Mitigated by Webtel.mobi’s System

Default Risk in USD 4.86 Trillion Global FX Gross Payments Can be Mitigated by Webtel.mobi’s System

ST PETER PORT, Guernsey and NEW YORK, Oct. 6 (Korea Bizwire) — Global FX Market trading amounts to US$6.6 Trillion per day or +/-US$1,716 Trillion per annum – but that number is applicable only to the Trading – and not the Gross Payment obligations arising from that trading. The Gross Payment obligations are US$18.7 Trillion per day or US$4,862 Trillion per [...]

Foreigners Buy S. Korean Stocks and Bonds on Eased Tensions with N. Korea

Foreigners Buy S. Korean Stocks and Bonds on Eased Tensions with N. Korea

SEOUL, Nov. 8 (Korea Bizwire) — Foreign investors bought South Korean stocks and bonds worth US$3.48 billion in October due to expectations of improved corporate earnings amid eased tensions on the Korean Peninsula, the central bank said Wednesday. Local stocks and bonds bought by foreign investors stood at $2.84 billion and $650 million, respectively, the [...]