S Korea, China renew United States dollars 56 bn currency swap deal despite

GM Korea worker passes by the west gate of the carmaker's plant in Bupyeong just west of Seoul

GM Korea worker passes by the west gate of the carmaker's plant in Bupyeong just west of Seoul

South Korea and China have agreed to extend their currency swap deal, the head of South Korea's central bank has said. Lee Ju-yeol hold a news conference in Washington on October 12, 2017, to announce the extension of the 64 trillion-won (US$55 billion) currency swap deal between Seoul and Beijing, in this photo provided by the foreign ministry the next day.

"The Ministry of Strategy and Finance has been closely cooperating with the Bank of Korea", Kim told reporters.

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Apart from that, he added that most of these victims have suffered from lack of food, medicine, water, and supplies for babies. I spoke to victims who had to bury their relatives in the backyard because no help came to them after nearly ten days.

There had been fears the diplomatic row would threaten the major economic agreement that expired on Tuesday, but the central Bank of Korea said it has been extended for another three years. Lee Ju-yeol (R) and Finance Minister Kim Dong-yeon talk to reporters in Washington on South Korea's currency swap deal with China on October 12, 2017, in this photo provided by the BOK.

The deal, seen as a financial safety net to help stabilise the South Korean won, accounts for around half of the South's entire currency swap deals.

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He said removing them from the school was to make sure that they do not have contact with the pupils while the investigation is ongoing.

In the midst of heightened North Korean risk factors and shaky bilateral relations between Seoul and Beijing due to China's heavy protest regarding Korea's deployment of the US' Terminal High Altitude Area Defense anti-missile system, the renewed currency swap agreement appears to be a meaningful symbol of economic cooperation between the two nations.

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