Skip to nav Skip to content


May 13, 2020
North Korea Administrative Designations Updates.

April 16, 2020
Publication of a Fact Sheet on the Provision of Humanitarian Assistance and Trade to Combat COVID-19.

April 9, 2020
Publication of Amended North Korea Sanctions Regulations.

March 02, 2020

OFAC SDN List Update: Cyber-related Designations; North Korea Designations; North Korea Designations Removals. 

January 14, 2020

OFAC SDN List Update: North Korea Designations.

September 30, 2019
OFAC SDN List Update: Foreign Interference in U.S. Election Designations; ​Cyber-Related Designations; ​Ukraine-/Russia-Related Designations; North Korea Designations Update.

September 13, 2019

OFAC SDN List Update: North Korea Designations; Global Magnitsky Designation.

August 30, 2019

North Korea Designations.

July 29, 2019

OFAC SDN List Update: North Korea Designation. 

June 26, 2019
Publication of Amended North Korea Sanctions Regulations. 

June 12, 2017
EMTA Special Seminar: Outlook on South Korea (New York). 

August 8, 2016
Standard & Poor’s Upgrades South Korea’s Long-Term Sovereign Credit Rating from AA- to AA. 
April 5, 2016

United States Ratchets Up North Korean Sanctions while Continuing to Ease Cuban Sanctions – Cleary Gottlieb Memo.

December 18, 2015
Moody’s Upgrades South Korea’s Issuer Bond Rating from Aa3 to Aa2.

September 13, 2012
Standard & Poor's Upgrades South Korea’s Long-Term Foreign Currency Rating from A to A+.

September 6, 2012
Fitch Upgrades South Korea’s Long-Term Foreign Currency Issuer Default Rating (IDR) from A+ to AA-. 

April 14, 2010

Moody's Upgrades South Korea's Government Bond Rating from A2 to A1. 

October 29, 2008

US Federal Reserve Press Release on Swap Lines with Brazil, Mexico, South Korea and Singapore. 

July 25, 2007

Moody's Upgrades South Korea's Long-Term Foreign Currency Rating from A3 to A2. 

April 3, 2006

EMTA Issues FX and Currency Derivatives Market Practice No. 38 On Updating the Korean Won Rate Source Definition. 

November 1, 2004

EMTA, SFEMC and FXC Jointly Announce Amended Asian Currency NDF Documentation. EMTA Publishes NDF Market Practice No. 34 For Amended Asian Currency Template Terms. EMTA, the FXC and ISDA Announce Amendments to Annex A of the 1998 FX and Currency Option Definitions.  


January 15, 2004

Korean Government Authorities Announce Restrictions Limiting USD Positions By Local Financial Institutions To 110% of Jan. 4 Levels In an Effort To Curb Speculative Activity in the Korean Won. Some Impact on KRW/USD NDF Market Predicted. 

December 2, 2003  

Amendment to Korean Won Rate Source Definitions Published by EMTA, ISDA and the FXC.

May 29, 2003

EM Sovereign Bond Documentation Chart for Korea. 

October 29, 2001

Hong Kong MPC Supports EMTA NDF Template Terms.

June 20, 2001  

EMTA, ISDA and FX Committee announce amendments to Korean Won rate source definitions in Annex A to the 1998 FX and Currency Option Definitions. 

February 5, 2001

EMTA Template Terms for CNY/, INR/, KRW/, PHP/ and TWD/USD NDFs, and related NDF Market Practices, are dated and effective as of today. Asia Reference Dealer "Reference" List also available. 

May 11, 2000

First Drafts of EMTA Template Terms for Asia-Specific NDF Transactions.
Final Template Terms are available by
Clicking Here.