Seoul, Tokyo agree to extend $10 bil. currency swap deal by another 3 years

Korea and Japan agreed in Bangkok Thursday to extend their $10 billion currency swap arrangement for another three years as the deal nears expiration. Finance Minister Lee Hyoung-il and Japanese Finance Minister Satsuki Katayama reached the agreement during the 2026 IMF and World Bank meetings. The arrangement will remain unchanged in size and run through November 2029.

The three-year currency swap deal was signed in December 2023 and was due to expire in November.

The arrangement involves the U.S. dollar and allows a country facing a liquidity crunch to borrow foreign currency in exchange for its own currency.

Both countries’ foreign exchange authorities said they currently maintain ample liquidity and described the swap as a symbol of bilateral cooperation.

The two sides agreed to hold a ministerial meeting in Korea as soon as possible.

Published Oct 15, 2026 5:08 pm KST

Finance Minister Lee Hyoung-il, right, shakes hands with his Japanese counterpart, Satsuki Katayama, in Bangkok, Thursday. Courtesy of Ministry of Finance and Economy

BANGKOK — Korea has agreed with Japan to extend their $10 billion currency swap arrangement, set to expire next month, by another three years, the finance ministry said Thursday, as the two countries seek to further bolster bilateral economic ties.

Finance Minister Lee Hyoung-il reached the agreement with his Japanese counterpart, Satsuki Katayama, during a meeting in Bangkok on the sidelines of the 2026 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group.

The two countries' three-year, $10 billion currency swap deal, signed in December 2023, was due to expire in November.

Under the latest agreement, the currency swap arrangement, which involves the U.S. greenback, will run through November 2029, with its size unchanged.

A currency swap is a tool designed to guard against financial turmoil by allowing a country facing a liquidity crunch to borrow foreign currency in exchange for its own currency.

During the meeting, the officials concurred that the foreign exchange authorities of both countries currently maintain ample liquidity, describing the currency swap arrangement as a symbol of bilateral cooperation.

The two sides discussed ways to expand bilateral exchanges in the economic and financial sectors, the ministry added.

They also agreed to hold a ministerial meeting in Korea as soon as possible.

韩国和日本周四在曼谷达成协议，将双方价值100亿美元的货币互换安排延长三年，该安排即将到期。韩国财政部长李亨一和日本财务大臣片山五月在2026年国际货币基金组织和世界银行会议期间达成了这项协议。该安排的规模将保持不变，有效期至2029年11月。

这项为期三年的货币互换协议于 2023 年 12 月签署，原定于 11 月到期。

该安排涉及美元，允许面临流动性危机的国家以本国货币换取外币。

两国外汇管理部门均表示，目前两国保持着充足的流动性，并将此次货币互换描述为双边合作的象征。

双方同意尽快在韩国举行部长级会议。

发布于2026年10月15日下午5:08（韩国标准时间）

韩国财政部长李亨日（右）周四在曼谷与日本财政部长片山五月握手。图片由韩国财政经济部提供。

曼谷——韩国财政部周四表示，韩国已与日本达成协议，将原定于下个月到期的100亿美元货币互换协议延长三年，两国希望借此进一步加强双边经济关系。

韩国财政部长李亨日在曼谷举行的2026年国际货币基金组织（IMF）和世界银行集团年会期间，与日本财政部长片山五月举行会晤，并达成协议。

两国于 2023 年 12 月签署的为期三年、价值 100 亿美元的货币互换协议原定于 11 月到期。

根据最新协议，涉及美元的货币互换安排将持续到 2029 年 11 月，规模保持不变。

货币互换是一种旨在防范金融动荡的工具，它允许面临流动性危机的国家借入外币，以换取本国货币。

会议期间，双方官员一致认为，两国外汇管理部门目前保持着充足的流动性，并将货币互换安排描述为双边合作的象征。

该部补充说，双方讨论了扩大经济和金融领域双边交流的方式。

他们还同意尽快在韩国举行部长级会议。