At the G20 Finance Ministers and Central Bank Governors meeting in Washington D.C., Bank of Korea Governor Lee Ju-yeol and Finance Minister Kim Dong-yeon informed reporters that Seoul and Beijing signed an agreement to extend currency swap deal for another three years. The agreement accounts for some 46% of Korea's total value of currency swap deals that it has with foreign countries.
The deal had already been expanded to the current 56 billion dollars and extended twice since 2009.
Meanwhile, in a statement from the UAE's foreign ministry on Thursday local time, North Korea's ambassador has been told to leave the country and Dubai will also recall its own envoy from North Korea. On the same day, Malaysia said it is considering a shutdown of its embassy in Pyongyang.
Relations between the two nations have soured following the Kim Jong-nam murder case earlier this year at Kuala Lumpur International Airport.
Source: Arirang News
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