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South Korea's Forex Authority Forward Long Position Hits $6.359B Through May, Up 4 Straight Months

2026-07-08 01:44:31

According to IMF data released on July 8, South Korea's forex authority's forward foreign exchange net long position reached $6.359 billion as of end-May, up $1 billion from the previous month and marking the fourth consecutive month of gains. The increase reflects ongoing foreign exchange hedging activity tied to the extended foreign currency swap agreement between the Bank of Korea and the National Pension Service, which was renewed for one year at an $65 billion limit in late 2025.

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