# South Korea’s central bank, pension fund in talks to expand FX swap - Business & Finance - Business Recorder

> South Korea's central bank and National Pension Service are discussing expanding their $35 billion FX swap programme, though no decision has been made. The swap lets the pension fund borrow reserves rather than buy dollars onshore, and the won has weakened 6.7% against the dollar this year.

- Date: 2024-05-31 · published 2024-05-31T12:00:00.000Z
- Category: policy · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/30497-south-korea-s-central-bank-pension-fund-in-talks-to-expand-fx-swap-business-and
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A larger swap line would add dollar liquidity to support the won, potentially easing pressure on Korean import costs for feed ingredients.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40306202

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.