- Korea's global bond sale to help reduce crisis concerns.
- South Korea has large FX reserves, they are not concerned about crisis.
- Notes he expects markets to gradually calm down next week.

Other headlines for [USD/KRW]

• Yesterday 08:01pm
  (KS) S Korea's Fin Min: Domestic demand likely to stay subdued, govt to try to sustain jobs and stimulate economy- Sees exports improving from November lows and inflation pressures easing
  
• Yesterday 02:09am
  (KS) Bank of Korea to pay interest on reserves for first time in 22 years- Central Bank will pay a total of KRW500B and purchase additional securities issued by Local State Housing Corp. in open more...
  
• Yesterday 01:15am
  (KS) South Korea Central Bank to hold an emergency MPC meeting today, will discuss expanding securities in market operations and interest payments on reserves
  
• Yesterday 00:10am
  (KS) Korea Asset Management (KAMCO) plans to buy KRW1.3T ($888.6M) of bad loans - FSC- The loans which will be purchased are related to mutual savings bank project financing. - South Korea's saving more...
  
• 12/2/2008 11:46pm
  (KS) South Korean Bank official says govt is not intervening in the fx market much recently, to carry out smoothing operations in fx markets when needed; does not have enough capacity for massive fx intervention- Note: Earlier more...
  

Bonds/Forex sector headlines

• Today 01:59am
  Asian Market Update: Asian bourses unable to sustain US gains yet again, RBNZ cuts by 150bps and prepared to slash more, US futures sink on GM credit downgrade as outlook for carmaker bankruptcy risesmore...
  
• Today 01:55am
  (SZ) Swiss Regulators: Craft new maximum leverage ratios of financial institutions- New targets to be enforced from 2013 - Aim to make financial system more resilient to shocks
  
• Today 01:45am
  *(SZ) SWISS Q3 GDP M/M : 0.0% V 0.0%E; Y/Y: 1.6% V 1.7%E- Prior M/M revised from 0.4%. to 0.3% - Prior Y/Y revised from 2.3% to 2.6%
  
• Today 01:25am
  (CH) PBOC's Zhou: Will take neccessary, pre-emptive actions to fight global crisis- Notes that China will prepare for 'worst case scenario' - US must take measures to stop credit crisis contagion more...
  
• Today 01:15am
  (PD) Polish Central Banker Pietrewicz: MPC should maintain easing cycle; further decisive steps are needed- Unsure if joining ERM2 is a good move now - Says key rate at 4% at the end of 2009 is more...