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S. Korea to limit foreign currency loans for domestic use

South Korea will ban local financial institutions from extending foreign currency loans to be used for domestic use as part of its policies to ease capital volatility, the central bank said Wednesday. According to the Bank of Korea (BOK), the new rule will take effect from July 1, which will be applied to 55 lenders, including foreign bank branches here, and other financial institutions. The …

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S. Korea to limit foreign currency loans for domestic use

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