S. Korea Considering Steps to Control Capital Flows
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South Korea’s government is discussing several measures to control capital flows, Vice Finance Minister Yim Jong Yong said.
“We studied several possible measures such as a Tobin tax, bank tax, leverage controls and then chose the derivatives limits in June,” Yim told reporters in Gwacheon today. “We’re now discussing all of these measures, but nothing has been decided yet.” A Tobin tax is applied to financial transactions.