Banks Reap KIKO Benefits

10 Mar 2009

Eight Korean banks took home KRW2.56 trillion (USD1.64 billion) won by selling knock-in-knock-out currency options to small- and medium-sized local companies last year, the Financial Supervisory Services said yesterday.

Eight Korean banks took home KRW2.56 trillion (USD1.64 billion) won by selling knock-in-knock-out currency options to small- and medium-sized local companies last year, the Financial Supervisory Services said yesterday. Analysts believe the flow of money into the banks at a time when companies are suffering severe KIKO-related losses ...

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