China, South Korea Seal Currency Deal Despite U.S. Missile Defense

October 13, 2017

The Wall Street Journal:

SEOUL—South Korea and China have agreed to renew their currency swap agreement after they let their previous deal expire, in an apparent bid to contain the fallout over Seoul hosting a U.S. missile system that Beijing opposes.

South Korea’s central bank and finance ministry said Friday that the new three-year currency swap deal took effect on Wednesday—a day after the previous deal expired.

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