South Korea plans foreign exchange inspection on banks

South Korean authorities plan to inspect foreign exchange trading at banks operating in the country, a senior finance ministry official said Tuesday, in a move apparently aimed at curbing the rapid appreciation of the won.

The central bank and the Financial Supervisory Service, a financial markets regulator, plan to jointly investigate the banks to look into their foreign exchange and derivatives trading, the official said, without elaborating.

via Business feed http://www.scmp.com/business/banking-finance/article/1073120/south-korea-plans-foreign-exchange-inspection-banks