Samsung Electronics has outlined plans to start trading renminbi in South Korea, giving a boost to the nascent local market as Seoul seeks to capitalise on China’s drive to internationalise its currency.
Direct trading of the Chinese and South Korean currencies began in Seoul on December 1, reflecting increasingly close economic co-operation between the countries that is also expected to bring the conclusion of a trade agreement in the next few months.
Samsung said on Thursday that it would begin using the local market from March 16 to settle transactions with its subsidiaries in China, thereby becoming the first major South Korean group to make use of it.
您已阅读31%（662字），剩余69%（1443字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。