SEOUL (Reuters) – South Korea will set up a channel to provide foreign-currency funds to local financial firms through repurchase agreements to prevent any temporary shortage in liquidity from developing into a systemic risk, Vice Finance Minister Kim Yong-beom said on Tuesday.
Authorities also will continue to monitor financial markets and liquidity flows as the economic impact from the coronavirus pandemic persists, he told a meeting, noting other risks including U.S.-China tensions could heighten volatility.
(Reporting by Joori Roh; Editing by Kim Coghill)
