S.Korea needs further liberalization of financial markets-cenbank chief

Reuters

NEW YORK, Oct 15 (Reuters) - South Korean Central BankGovernor Kim Choong-soo said on Tuesday the country needs tofurther open up its financial markets further in order to boosteconomic growth and establish a bigger role as a financialcenter in Asia.

"We have made efforts to conclude FTAs (free tradeagreements) with already 45 countries. But usually those FTAsare used to strengthen our business relationships with ourpartners," Kim told the Economic Club of New York.

"Now what we have to do, I think, is to make further effortsto liberalize our financial markets and also establish betterinstitutional settings," he said.

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