KRW-RMB trade in China opens front for transactional savings
With the move, companies dealing in the Korean won are expected to see significant savings in transactional costs and lessened currency risks.
When China announced on June 24 that it had begun allowing the direct trade of the renminbi with the Korean won in the mainland, a new front was opened for treasurers and CFOs searching for avenues of savings and liquidity for operations there.
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