South Korea to spur inflow of investments amid political crisis

Move comes after the won and Seoul stocks ended 2024 as Asia's worst performers

20250102 South Korean won

Seoul in mid-January will allow registered foreign financial institutions to engage in foreign exchange trading for current transactions. © Reuters

SEOUL (Reuters) -- South Korea released policy plans on Thursday meant to spur foreign inflows, stabilize financial markets and boost domestic demand amid weakening consumer confidence and an unprecedented political crisis that is heightening economic uncertainty.

One measure announced by the finance ministry would permit registered foreign financial institutions to engage in foreign exchange trading for current transactions, including export and import settlements, from mid-January.

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