The Bank of Korea recently announced a USD5.4 billion currency swap deal with the United Arab Emirates for a period of three years.
Tags: South Korea
EU lifts ban on tankers transporting Iranian crude
Following a nuclear deal reached in Geneva, the European Union has removed the ban on insuring tankers transporting Iranian oil. The EU also agreed to release USD4.2 billion in frozen oil assets and permit Iranian crude exports to continue at its current levels.
Lloyd's Register director says South Korea is a possible investor in Britain's nuclear industry
South Korea was reported to be a possible investor in Britain's nuclear power market after the Asian country hired Lloyd's Register to evaluate its nuclear reactors, according to a director at Lloyd's.
Secured Capital closes USD1.5 billion for Asian investments
Japan-based Secured Capital, the real estate arm of private equity firm PAG, raised USD1.5 billion to invest in real estate and debt opportunities in Asia.
South Korean firms enter into joint venture projects with Arabtec
GS Engineering and Construction and Samsung Engineering form joint ventures with Arabtec separately.
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US and South Korea discussed the possibility of delaying wartime control transfer to South Korea's troops amidst fears of North Korea's weapons of mass destruction capabilities.
Boeing may well be the winner of the KRW 8.3 trillion or USD 7.7 billion South Korea fighter jet tender, a source told Reuters.
The South Korean government said it received preliminary offers for two regional banks from Woori Finance Holdings.
A source told Reuters that Boeing Co would be picked as South Korea's supplier for its fighter jets in a KRW8.3 trillion or USD7.64 billion agreement.
The two Koreas agreed to resume operations of the Kaesong industrial zone on a trial basis starting Monday.
The National Pension Service of South Korea increased its stake in six local companies as the government lengthened disclosure times for share purchases over 10%.
Hyundai said it had reached a preliminary agreement with its union to help end the strike that had crippled their vehicle production.
South Korea would be offering a sale of ten-year bonds despite concerns of the US Federal Reserve reducing its asset purchases.
Last Wednesday, North and South Korea said through a joint statement that it would reopen the Kaesong industrial zone to attract foreign investors.
