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S.Korea vice finmin: capital controls changes will be made by end-H1 2016
December 17, 2015 / 1:00 AM / 2 years ago

S.Korea vice finmin: capital controls changes will be made by end-H1 2016

SEOUL, Dec 17 (Reuters) - South Korea's vice finance minister said on Thursday the government plans to form a task force to change its existing capital controls by the end of June next year, a move aimed at mitigating short-term capital inflows.

"We are aiming to have something ready by the end of the first half of next year," said Vice Finance Minister Joo Hyung-hwan to reporters on the sidelines of a meeting in Seoul.

"The situation has slightly changed from when we first announced them."

The changes will be part of government plans announced earlier this week in anticipation of a rate hike in the U.S. that was made on Wednesday. (Reporting by Christine Kim; Editing by Sam Holmes)

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