In other news,... South Korea and the United Arab Emirates have agreed to renew their currency swap deal... for another three years.
The deal was struck during a meeting between their central bank governors in Washington... on Friday, local time.
The agreement, which took effect immediately,... will enable exchanges of up to 5-point-4 billion U.S. dollars.
The Bank of Korea said the latest deal reaffirms the two sides' commitment... in promoting bilateral trade and financial cooperation.
A currency swap is a tool that allows each side to borrow money from one another at a pre-determined rate in case of financial turmoil.