Reuters

SEOUL, May 17 (Reuters) – South Korea on Thursday said it will disclose details of actions taken by currency authorities on a regular basis starting in the second half of this year, an action likely to ease concerns about the country being labelled a currency manipulator by the United States.

The move would help boost the transparency of South Korea’s currency market, as the government and the Bank of Korea have not been sharing details of its “smoothing operations” until now.

South Korea, along with China, avoided the currency-manipulator label in the U.S. Treasury’s twice-yearly report in April, but was kept on a currency “monitoring list”. (Reporting by Cynthia Kim, editing by G Crosse)

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