Bank of Korea Governor Lee Ju-yeol says he
hopes Korea and Japan can resume their bilateral currency swap deal, which was halted in January
last year due to a diplomatic row between the two countries. Lee made the remark on the sidelines of the
ASEAN-plus-three summit held in Manila on Friday. Talks over the deal was halted over the installation
of a memorial statue for the so-called “comfort women” — the victims of sexual slavery during
Japanese colonial rule — outside the Japanese consulate in Busan last year. He was cautious about suggesting the timing
of when such negotiations should take place but reiterated that economic issues should
be dealt separately from political matters. Lee pointed out that Korea and China extended
their currency swap despite differences over Korea’s deployment of the U.S. missile defense
system THAAD.