08/10/05 18:49:13 f64oF7SJ0
ｸｿﾜﾗﾀ!!!
Oct 5, 2008
S.Korea to meet bank heads
SEOUL - SOUTH Korea's government and financial regulatory agency will
meet the heads of local banks on Monday to discuss a foreign currency
funding squeeze, a finance ministry said on Sunday.
Kang Man-soo, Finance Minister, and Jun Kwang-woo, chairman of the
Financial Services Commission, are scheduled to attend the meeting,
which will start at 7.30 am on Monday (6.30am Singapore time).
'The main subject of the meeting is the issues of a dollar funding
squeeze,' a ministry official said by telephone.
South Korean banks have been facing difficulties in securing dollars in
domestic dollar/won swap markets, putting pressure on the won .
-- REUTERS
URLﾘﾝｸ(www.straitstimes.com)