SEOUL (Reuters) -South Korea is discussing with the U.S. various ways to set up a bilateral foreign exchange swap line as part of a trade deal to contain the impact of proposed U.S. investments on the domestic currency market, the country’s finance minister said on Monday.
Minister Koo Yun-cheol made the comment as he answered a lawmaker’s question about the need to request for a conditional swap line, if not an unlimited one.
Koo said he saw the maximum amount of direct investment in the U.S. South Korea can make each year at around $20 billion, without depleting central bank reserves, compared with $350 billion included in a deal reached in July.
(Reporting by Jihoon LeeEditing by Ed Davies)
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