S.Korea to ease rules on foreign firms issuing bonds

Newswire

SEOUL, Jan 27 (Reuters) - South Korea said on Monday it would ease rules for foreign companies seeking to issue Korean won-denominated bonds, paving the way for firms such as Ford Motor Co to raise money in Asia's second-largest corporate debt market. The new rules, which would take effect in February, meant foreign companies would be able to issue bonds based on balance sheets that adhered to international accounting standards, an official from the regulatory Financial Supervisory Service ...

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