South Korea Pension Fund Set to Take Bigger Role in FX Stability
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000South Korea’s state-run pension fund is set to take a larger role in ensuring currency stability as the nation battles weakness in the won.The National Pension Service will be more flexible in its hedging, its management committee said on Monday, without elaborating. The fund also extended the duration of its $65 billion foreign-exchange swap agreement with the Bank of Korea for another year until end-2026.