The Bank of Korea is reportedly scheduled to hold talks with commercial banks on Friday to discuss issues related to excess foreign exchange reserves.

Insiders said that the Bank of Korea will meet with representatives from major commercial banks on Friday to discuss issues related to foreign exchange deposits at the banks. According to two insiders, the Bank of Korea will encourage institutions to deposit excess foreign exchange reserves with the bank and inquire about possible deposit sizes. Because they are not authorized to speak publicly, both insiders requested anonymity. Another insider said that the central bank will discuss the level of deposit interest rates. The Bank of Korea stated that it will hold a meeting with major commercial banks on Friday, but did not disclose further details.